Marine Institute Act, 1991

Investment of moneys, and disposal of proceeds of sales of land or interest in land, by Institute.

16.—(1) The Institute may, with the consent of the Minister and the Minister for Finance, invest funds of the Institute in such manner as it thinks fit.

(2) The proceeds of the disposal of land or an interest in land by the Institute shall be disposed of in such manner as the Minister may, with the consent of the Minister for Finance, direct.