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State of Karnataka - Section

Section 51 in Sri Sathya Sai University for Human Excellence Act, 2018

51. Development Fund.

(1)The University shall establish a Development Fund to which the following funds shall be credited, namely:-
(i)development fees which may be charged from students;
(ii)all sums received from any other source for the purposes of the development of the University;
(iii)all contributions made to the University;
(iv)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
(v)all incomes received from the Permanent Statutory Endowment Fund.
(2)The funds credited to the Development Fund from time to time shall be utilized for the development of the University.