Pyrite Resolution Act 2013
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Gifts | ||
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12. (1) Subject to subsections (2) and (3), the Board may, with the consent of the Minister and the Minister for Public Expenditure and Reform, accept gifts of money, land or other property. | ||
(2) Where the donor of a gift specifies a trust or condition attaching to a gift, the Board may, with the consent of the Minister and the Minister for Public Expenditure and Reform, accept the gift subject to the trust or condition. | ||
(3) The Board shall not accept a gift if the trust or condition attached to it by the donor is, in the opinion of the Board, inconsistent with or likely to prejudice the Board’s operational independence or the effective performance of its functions. | ||
(4) The Board shall, as soon as may be after accepting a gift of moneys in accordance with this section, pay those moneys to the Minister. | ||
(5) The Board shall, in such manner as, with the consent of the Minister and the Minister for Public Expenditure and Reform, it determines, sell or otherwise dispose of any land or other property, a gift of which has been accepted by it under this section and, as soon as may be after such disposal, pay the proceeds of such disposal to the Minister. | ||
(6) The Board shall include details of any gift, the value of which exceeds an amount specified by the Minister with the consent of the Minister for Public Expenditure and Reform, in the next report prepared under section 9 (4) after the gift is accepted. | ||
(7) In subsection (6) “details” means— | ||
(a) the name and address of the donor of the gift, | ||
(b) a description of the gift, and | ||
(c) particulars of any trust or condition attached to the gift. |