(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.
Section 42: Development fund
The William Carey University Act, 2005 (Act No.13 of 2005)State Act of Meghalaya · Act 13 of 2005
Where this provision sits
| Act | The William Carey University Act, 2005 (Act No.13 of 2005) |
|---|---|
| Section | 42 |
| Marginal note | Development fund |
| Jurisdiction | State of Meghalaya |
| Status | In force as published by the source |
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