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Section 20: Endowment Fund

Fashion And Design Institute Act · PART IV: FINANCIAL PROVISIONS AND ACCOUNTS

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20. Endowment Fund The Institute shall set up an Endowment Fund— (a) into which shall be paid such amount from the General Fund as the Board thinks fit; (b) out of which fellowships, scholarships, bursaries and loans may be granted for the benefit of needy students. F4A – 9 [Issue 2] Fashion and Design Institute Act

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