Section 18: Establishment of Fund for the College.

(1)
The Council shall establish and maintain a Fund which shall be applied towards the promotion of the objectives specified in this Act.
(2)
There shall be paid and credited to the Fund established under sub-section (1) of this Section-
(a)
such sums as may, from time to time, be granted to the Council by the Minister ;
(b)
all moneys raised for the purposes of the Council by way of gifts, grants-in-aid or testamentary disposition ; and
(c)
all subscriptions, fees and charges for services rendered by the Council and all other sums that may accrue to the Council from any source.
(3)
The Council shall submit to the Minister, not later than three months before the end of each financial year or at such other time as he may direct, an estimate of its revenue and expenditure for the next succeeding financial year.