Development Fund

(1) The University shall also establish a development fund to which following moneys shall be credited, namely; (a) development fee, 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 enforce; and (e) all incomes received from the permanent endowment fund. (2) The moneys credited to the development fund from time to time shall be utilized for the development of the University.