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Science and Technology Act, 1987

Acceptance of gifts by Agency.

20.—(1) The Agency may accept gifts of money, land or other property upon such trusts and conditions, if any, as may be specified by the donor.

(2) The Agency shall not accept a gift if the conditions attached to the acceptance by the donor are inconsistent with the functions of the Agency.

(3) Any funds of the Agency, being a gift or the proceeds of a gift to it, may, subject to any terms or conditions of the gift, be investedin any manner in which a trustee is empowered by law to invest trust funds.