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Section 6: Development Fund

Uttar Pradesh Self-Financed Independent Schools (Fee Regulation) Act, 2018State Act of Uttar Pradesh · Act 40 of 2018

6. (1) Not more than fifteen percent of total income of school during the financial year may be transferred to Eligible Educational Entity as development fund, however, for the year when school enhances the fees more than fees permitted under sub-section (1) of section 4 with permission of District Fee Regulatory Committee during that year such transfer shall not be admissible.

(2) The development fund referred to in sub-section (1) shall be utilized by an eligible educational entity for operation of school or educational development of school or other schools under that entity. Development fund shall not be utilized for any commercial activity.

Where this provision sits

ActUttar Pradesh Self-Financed Independent Schools (Fee Regulation) Act, 2018
Section6
Marginal noteDevelopment Fund
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

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