section 42
Development Fund.
The Martin Luther Christian University Act, 2005Education200551 sections6 chapters
Chapter 6 MISCELLANEOUS
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 source for the purposes of the development of the University;
- (c) All contributions made by the Sponsor;
- (d) All contributions/donations made in this behalf by any other person or body which are not prohibited by any law for the time being in force; and
- (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
Study data processing for this section.
PDF: pending for this language.