section 39
Development Fund
The GIM University Act, 2026Education202663 sections
Statutory text
- (1) The University shall also establish a Development Fund to which the following amount shall be credited, namely—
- (a) development fees, which may be charged from students;
- (b) all sums received from other sources for the purpose of the development of the University.
- (c) all contributions made by the Society for the purpose of the development of the University;
- (d) all contributions made in this behalf by any other person or bodies which are not prohibited by any law for the time being in force; and
- (e) all incomes received from the Permanent Endowment Fund subject to the provision of this Act.
- (2) The money credited to the Development Fund from time to time shall be utilised for the development of the University in such manner as may be specified by the Statutes.
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