Section 13Fund of the Institute

s. 13

13. Fund of the Institute (1) The Institute shall have its own fund which shall be utilised by it to meet charges in connection with its functions under this Ordinance. (2) The fund of the Institute shall consist of- (a) grants made by the Government; (b) grants made by the local authorities; (c) grants and aids received from aid-giving agencies; (d) donations and endowments; (e) fees received by the Institute; and (f) all other sums received by the Institute. (3) All money in the fund of the Institute shall be deposited with any bank approved by the Council.