Development fund

Education200551 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 other 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 fund credited to the development fund from time tot time shall be utilized for the development of the University.

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