Section 24, The National Revenue Authority Act, 2002

(1) The funds of the Authority shall consist of— [Margin: Funds of Authority.] 12 No. 11 National Revenue Authority Act 2002 (a) three per cent of the actual revenue collected annually; (b) a percentage to be specified from time to time by the Minister with the approval of Parliament, of the revenue actually collected each year in excess of the estimated revenue in the estimates of Sierra Leone for that year; (c) loans raised by the Authority with the approval of the Minister; (d) grants made to the Authority by any person or authority; (e) the proceeds of any investment made by the Authority; and (f) any other moneys to which the Authority may otherwise become entitled. (2) The funds of the Authority specified in paragraph (a) of subsection (1) shall be payable to the Authority in equal quarterly instalments at or before the beginning of every quarter. (3) The funds of the Authority specified in paragraph (b) of subsection (1) shall be payable to the Authority within one month after the end of the financial year. (4) Any funds received by the Authority in respect of a financial year which are not expended by the end of that financial year shall be placed in a reserve fund to be expended subject to the budget of the Authority for the ensuing financial year.