Development Fund

Education201460 sections6 chapters

Chapter 6 Chapter 6

Statutory text

(1) The University shall also establish a development fund to which the following funds shall be credited, namely :
- (a) Development fees which may be charged from students ;
- (b) All sums received from any other source for the purpose of the development of the University ;
- (c) All contributions made by the Sponsor ;
- (d) All contributions or donations made in this behalf by any other person or body which are not prohibited by any law for the time being in force;
- (e) All incomes received from the endowment fund;
(2) The funds credited to the development fund from time to time shall be utilized for the development of the University ;

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