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Transferred Fund.
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54.—(1) The moneys in the Endowment Fund of the Institute and any unexpended balance in the Capital Fund of the Institute (referred to in sections 10 and 11 of the Act of 1958) on the commencement of section 53 shall be lodged to a special fund of the Authority to be known as the Transferred Fund.
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(2) The Transferred Fund shall be used by the Authority solely for such capital purposes and to such extent as may from time to time be approved by the Minister, after consultation with the Minister for Finance.
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(3) Any unexpended balance of the Transferred Fund shall be kept invested by the Authority in such securities as may from time to time be approved by the Minister for Finance.
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(4) The interest on the Transferred Fund shall accrue to the Authority as income.
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