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Functions of Institute.
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4.—(1) The functions of the Institute shall be—
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(a) to provide degree level courses, diploma level courses and certificate level courses and, subject to such conditions as the Minister may prescribe, such other courses, including post-graduate courses, as may seem appropriate to the Governing Body;
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(b) to engage in research in such fields as the Governing Body may deem appropriate;
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(c) subject to the approval of the Minister, after consultation with an tÚdarás—
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(i) to buy and acquire lands or buildings,
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(ii) to institute and, if thought fit, to award scholarships, prizes and other awards;
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(d) subject to such conditions as the Minister may prescribe, to maintain, manage, administer and invest all the money and assets of the Institute;
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(e) to accept from donors gifts of land or other property upon such trusts and conditions, if any, as may be specified by the donors: provided that nothing in any trust or condition is contrary to the provisions of this Act;
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(f) subject to such conditions as the Minister may prescribe, to do all such acts and things as may be necessary to further the objects and development of the Institute.
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(2) (a) The Minister may, with the concurrence of the Minister for Finance, by order assign to the Institute such additional functions as he thinks fit.
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(b) Whenever an order is proposed to be made under this subsection, a draft of the proposed order shall be laid before each House of the Oireachtas and the Order shall not be made until a resolution approving of the draft has been passed by both Houses of the Oireachtas.
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(3) The Minister may by order revoke or amend an order under this section including an order under this subsection.
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