Section 42. Development Fund

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 purpose of the development of the University;

(c) all contributions made by the Sponsor;

(d) all contributions/ donations make 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.