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The University of Abertay Dundee (Scotland) Order of Council 1994
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Constitution of funds
38.—(1) The University Court shall keep such accounts (including capital and revenue accounts) and funds as are necessary for the proper and efficient conduct of its business and shall in particular maintain a general fund and a general income and expenditure account and shall identify within that fund and that account to the extent necessary or appropriate as the case may be capital and revenue entries as may be attributable to specific endowments or funds.
(2) The University Court shall be entitled to intromit with the whole funds under its control in any way not inconsistent with statute or common law or the conditions attached to the payment of such funds to the University Court.
(3) The University Court shall invest monies which it holds and which are not immediately required for the purposes of its activities in such accounts, investments and securities and in such manner as may from time to time be considered by the University Court to be advantageous with power to dispose of and vary such accounts, investments and securities as might be necessary or desirable.
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