Institute For Advanced Studies Act, 1940

Housing and accommodation.

16.—(1) It shall be the duty of the Council from time to time, as occasion requires, to make provision for erecting or acquiring (whether by purchase or on lease or otherwise) and maintaining suitable buildings to house the Institute and the several Constituent Schools and for the accommodation in a suitable manner in such buildings of the staff of the Institute and of the several Constituent Schools.

(2) It shall be the duty of the Council to provide all such furniture, fittings, and equipment and all such other things whatsoever as are from time to time necessary for the efficient management and conduct of the Institute and the several Constituent Schools in accordance with this Act.

(3) The Council, in carrying out the duties imposed on them by sub-section (1) of this section, shall not provide for the erection or acquisition of any building without the approval of the Minister given with the concurrence of the Minister for Finance.

(4) Any buildings acquired or erected by the Council under this section which are not required for the purposes of the Institute or of any Constituent School may be leased by the Council to such persons for such term and upon such conditions as the Council, with the approval of the Minister given with the concurrence of the Minister for Finance, may determine, or may, with the like approval and concurrence, be sold or otherwise disposed of by the Council.

(5) There may be paid to the Institute, from time to time, out of moneys provided by the Oireachtas, grants of such amounts as the Minister with the concurrence of the Minister for Finance may consider necessary towards defraying the whole or any part of the capital cost of erecting or acquiring any building under this section, or adapting any such building for the purposes of the Institute or any Constituent School.