Section 43 — Development Fund.

43. Development Fund. — (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 other sources for the purpose of the development of the 

University; 

(c) all contributions made by the Trust; 

(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 utilised for the 

development of the University.