Section 10: Funds of the institutions.

(1) There shall be established and maintained for each of the institutions a fund into which shall be paid and credited-
(a) all subventions and budgetary allocation from the Federal Government;
(b) all sums accruing to the institutions by way of gifts, endowment, bequest and other contributions from organisations where the terms and conditions attached are cons stent with Federal Government guidelines;
(c) all money needs immediately before the commencement of this Act by the institutions;
(d) foreign aids and monetary assistance received by the institutions under any agreement or arrangement with any international body or organisation with approval of the Federal Government;
(e) fees paid by students other than members of the Corps;
(f) fees, charges, dues or money from publications and other services rendered by the institutions;
(g) revenues accruing to the institutions including interest from money invested by the institutions and such other money accruing to the institutions from other sources;
(h) research grants; and
(i) all other sums which may accrue to the institutions.
(2) All money received by the institutions by way of endowments, gifts or donations shall be entered in a register kept for the purpose, showing the names of donors and any special conditions attached.
(3) Any property, money or fund donated for a specified purpose shall be applied, administered and expended specifically for the purpose it was meant.
(4) The funds of the institutions shall be managed in accordance with extant Regulations applicable in the public service of the Federation.
(5) Any money withdrawn from the funds of the institutions shall be applied for the specific purpose for which it was withdrawn.