Section 6: Fund of the Institute.

(1) There is established the Fund of the institute (in this Act referred to as "the Fund") which shall be managed and controlled by the Council.
(2) There shall be paid into the Fund-
(a) all fees, charges and money payable to the Institute under this Act;
(b) all revenue from other sources both locally and internationally; and
(c) other money received by the Institute in the course of its operations or in relation to the performance of its functions under this Act.
(3) There shall be paid out of the Fund-
(a) remuneration and allowances of the Institute;
(b) all expenditure incurred by the Council in the performance of its functions under this Act;
(c) such reasonable expenses and allowances of members of the Council, committee members and other co-opted persons in respect of the time spent on duties of the Council as applicable to similar Institutes; and
(d) any other expenses incurred by the Council in the performance of its functions under this Act.
(4) The Council may invest money from the Fund in any security created or issued by or on behalf of the Government of the Federation or any other security in Nigeria as may be approved by the council.
(5) The Council may on behalf of the Institute, borrow money for the purpose of running the Institute, which shall be paid into the Fund.