Development Fund.

Education201852 sections

Statutory text

(1) The University shall also establish a development fund to which the following moneys 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 Trust;
- (d) all contributions 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 permanent endowment fund.
(2) The moneys credited to the development fund from time to time shall be utilised for the development of the University.

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