Development Fund

(1) The University shall also establish a Development Fund in which the following amounts shall be deposited, namely: (a) Development fee which may be charged from students; (b) All sums received from any other source for the purposes of development of the University; (c) All contributions made by the Society; (d) All contributions made for this purpose by any other person or body, which is not prohibited by any other law for the time being in force; and (e) All income received from the Permanent Endowment Fund. (2) The amount deposited in the Development Fund from time to time shall be used for the development of the University.