Section 14: Expenditure of the Institute.

The Institute may from time to time, apply the proceeds of the fund established in pursuance of section 14 of this Act-(a) to the cost of administration of the Institute;
(b) to the paying of the emoluments, allowances and benefits of members of the Council and for reimbursing members of the Council or of any committee of the Council for such expenses as may be expressly authorised by the Council;
(c) to the payment of the salaries, fees or other remuneration or allowances, gratuities and pension and other benefits payable to the officers and other employees of the Institute, so however that no payment of any kind under this paragraph (except such as may be expressly authorised by the Council) shall be made to any person who is in receipt of emoluments from the Federal or State Government;
(d) for the development and maintenance of any property vested in or owned by the Institute; and
(e) for and in connection with all or any of its functions under this Act.