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(1) A person who intends to use folklore for any purpose other than as permitted under section 19 of this Act, shall apply to the Board for permission in the prescribed form and the person shall pay a fee that the Board may determine.

(2) There shall be established by the Minister with the approval of the Accountant-General a fund for the deposit of any fees that may be charged in respect of the use of folklore.

(3) The fund shall be managed by the Board and shall be used

(a) for the preservation and promotion of folklore, and

(b) for the promotion of indigenous arts.