Clause 16
Power of the Board to accept gifts
of Institute of Southeast Asian Studies Bill
BillNot in forceProvision 16 of 17
Clause 16
(1)
The Board may on behalf of the Institute accept by way of grant, gift, testamentary disposition or otherwise, property and moneys in aid of the finances of the Institute on such conditions as it may determine.
(2)
Registers shall be kept of all donations to the Institute, including the names of donors and any special conditions on which any donation may have been given.
(3)
All property, moneys or funds donated for any specific purposes, shall be applied and administered in accordance with the purposes for which they have been donated and shall be separately accounted for.