Section 8: Financial provisions.

(1)
The Board shall prepare and submit to the Minister (not later than six months before the end of any financial year)an estimate of its revenue and expenditure for the following financial year.
(2) The Institute shall establish and maintain a fund from which there shall be defrayed all expenditure incurred by the Institute.
(3) There shall be paid and credited to the fund established under subsection (2) of this section-
(a) such sums as may, from time to time, be granted to the Institute by the Federal Government;
(b) all monies raised for the purposes of the Institute by way of gifts, grants-in aid, testamentary dispositions and sales of publications;
(c) all subscriptions, fees and charges for services rendered by the Institute; and
(d) all other sums that may accrue to the Institute from any source.