Regulation 15

The entrance fee and Union subscription of a student shall be collected and retained by the Bursar of the Polytechnic in the accounts of the Union and the constituent body of which the student is a member.

The Union and every constituent body shall submit their respective budgets for the approval of the Board.

Every payment in respect of expenditure properly incurred by the Union or any of its constituent bodies shall be made by the Bursar from the appropriate account.

All donations to, and funds raised by, the Union and its constituent bodies shall be paid to the Bursar for credit to the appropriate accounts.