Section 9: Financial provisions

(1) The Council shall submit to the Minister not later than the 31st of October in each financial year an estimate of its revenue and expenditure.
(2) The Council shall establish and maintain a fund from which there shall be defrayed all expenditure incurred by the Council.
(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 Council by the Federal Government;
(b) all monies raised for the purposes of the Institute by way of gifts, grants-in-aid, testamentary disposition and sales of publications; and
(c) all subscriptions, fees and charges for services rendered by the Institute and all other sums that may accrue to the Institute from any source.