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Section 41
Uttar Pradesh Maharishi University of Information Technology Act, 2001Uttar Pradesh

Section 41. Development Fund

41. (1) The University shall also establish a development fund to which the following moneys 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 Maharishi Institute ;

(d) all contributions 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 permanent endowment fund.

(2) The moneys credited to the development fund from time to time shall be utilized for the development of the University.