Section 12: Power to accept gifts

(1) Subject to subsection (2) of this section, the Institute may with the consent of the Minister, accepts gifts of land, money or other property, upon such terms or conditions, if any, as may be specified by the donor.
(2) The Institute shall not accept any gift if the conditions attached to such gifts are inconsistent with the functions of the Institute.
(3) Nothing in this section shall be construed as authorising the Institute to accept any gift from any foreign body, person or organisation.