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State endowment of the Institute and Constituent Schools.
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25.—(1) In the financial year current at the passing of this Act and in every subsequent financial year, there shall be paid to the Institute out of moneys provided by the Oireachtas,—
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(a) a grant towards the expenses of the administration of the Institute and the Constituent Schools of such amount as the Minister, with the concurrence of the Minister for Finance, shall in respect of such year determine, and
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(b) a grant in respect of each Constituent School for the time being established of such amount as the Minister, with the concurrence of the Minister for Finance, shall in each such year determine.
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(2) Moneys paid under paragraph (b) of the foregoing sub-section of this section to the Institute in respect of any particular Constituent School shall be applied by the Council for the purposes of that School only.
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