(a) | funds allocated by the State; |
(b) | any donations or contributions received by the public college; |
(c) | money raised by the public college; |
(d) | money raised by means of loans, subject to the approval of the Minister; |
[Paragraph (d) substituted by section 16(a) of Act No. 3 of 2012]
(e) | income derived from investments ; |
(f) | money received from services rendered; |
[Paragraph (g) substituted by section 8 of Act No. 1 of 2013]
(h) | money received from students or employees of the public college for accommodation or other services provided by the public college; and |
(i) | funds from any other source. |
(2) | A public college may not raise money by means of a loan or overdraft without the approval of the Minister. |
[Subsection (2) substituted by section 16(b) of Act No. 3 of 2012]
(3) | If a person lends money or grants an overdraft to a public college without the approval of the Minister, the State and the college are not bound by the contract of lending money or an overdraft agreement. |
[Subsection (3) substituted by section 16(c) of Act No. 3 of 2012]