Part XIV - AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189)
Oil industry funding: permits fund use for central government expenditures and schemes in the oil and gas sector. The amendment adds two clauses to subsection (2) of section 18, authorising the oil industry development fund to meet expenditures incurred by Central Public Sector Undertakings when acting on behalf of the Central Government, and to meet expenditure on any Central Government scheme or activity relating to the oil and gas sector.
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Provisions expressly mentioned in the judgment/order text.
Oil industry funding: permits fund use for central government expenditures and schemes in the oil and gas sector.
The amendment adds two clauses to subsection (2) of section 18, authorising the oil industry development fund to meet expenditures incurred by Central Public Sector Undertakings when acting on behalf of the Central Government, and to meet expenditure on any Central Government scheme or activity relating to the oil and gas sector.
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