Section 6: Fund of the Institute

(1) The Council shall establish and maintain a fund which shall be managed and controlled by the Council and into which shall be paid all moneys received by the Council.
(2) Moneys received by the Council by way of subscriptions, fees, grants-in-aid, gift or any other money received by the Institute shall be paid into the fund established by sub-section (1) of this section
(3) There shall be paid out of the fund all expenses incurred by or on behalf of the Institute under this Act.
(4) The Council may invest moneys in the fund in any security created or issued by or on behalf of the Federal Military Government or in any other securities in Nigeria approved by the Council.
(5) The Council may, from time to time, borrow money for the purposes of the Institute and any interest payable on moneys so borrowed shall be paid out of the fund.