Educational Exchange (Ireland and the United States of America) Act, 1991
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Powers of the Commission. |
7.—(1) Subject to the provisions of this Act, the Commission may exercise all powers necessary to carry out the purposes of this Act, including the following: | |
(a) the planning, adoption and execution of programmes in accordance with the purposes of this Act; | ||
(b) the recommendation to the Board of Foreign Scholarships of the United States of America (“the Board of Foreign Scholarships”) of the candidacy of students, research scholars, and teachers to participate in the programmes envisaged by this Act, bearing in mind the fact that that Board will identify appropriate agencies to arrange placement; | ||
(c) the approval, in co-operation with the Board of Foreign Scholarships of the candidacy, and, as appropriate, the arranging for the placement in Irish institutions of learning, of students, research scholars and teachers, citizens and nationals of the United States of America, as presented by that Board to participate in the programmes envisaged by this Act; | ||
(d) the recommendation to the Board of Foreign Scholarships of such qualifications for the selection of potential participants in the programmes as the Commission may deem necessary for achieving the purposes and objectives of the Commission; | ||
(e) the authorising of the Treasurer of the Commission, or such other person as the Commission may designate for this purpose, to keep the funds of the Commission in cash or on current account or on deposit with the Central Bank of Ireland or with a bank to which section 1 (j) of the Trustee Act, 1893 (inserted by section 1 of the Trustee (Authorised Investments) Act, 1958 ) applies as the Commission may decide from time to time, and to invest such funds as are not immediately required for the purposes of this Act in any securities in which trustees are for the time being empowered by law to invest trust funds; subject to the condition that any bank account in Ireland shall be in the name of the Commission and that the appointment of such other person shall be approved by the Minister and the representative of the United States; | ||
(f) the authorising of the Treasurer, or other person designated by the Commission for this purpose, to operate a bank account or accounts in the United States of America, in the name of the Commission and as required for the purposes of the Commission, subject to the consent of the Minister for Finance and to Irish Exchange Control requirements; | ||
(g) the authorising of the Treasurer, or other person designated by the Commission for this purpose, to disburse funds and make grants and advances of funds for the authorised purposes of the Commission including the payment of transportation, tuition, maintenance and related expenses; | ||
(h) the acquisition and disposal of property in the name of the Commission, subject, however, to the condition that the acquisition or disposal of any real property or leasehold property by the Commission shall be subject to the prior approval of the Minister and the representative of the United States; | ||
(i) the administration or the assistance in the administration or otherwise the facilitation of educational and cultural activities that further the purposes of this Act but which are not financed by the Commission with funds made available by the two Governments under the Agreement, provided, however, that any programmes and activities so proposed and the proposed role of the Commission therein shall be fully described in reports which shall be submitted to the Government and to the Government of the United States of America and provided that no objection is interposed by either Government to the Commission's actual or proposed role therein. | ||
(2) Members of the Commission may not themselves benefit by way of scholarships or travel bursaries provided by the Ireland-United States Educational Fund. |