General Fund

Every university shall establish a fund, which shall be called the General Fund, in which the following shall be deposited: (a) fees and other charges received by the university; (b) contributions made by the sponsoring body; (c) income received by the university from consultation or other work performance in the course of achieving its objectives; (d) trusts, legacies, donations, grants-in-aid and other grants; and (e) all other amounts received by the university.