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 income or benefit which is obtained from the use of the crown land administered, taken care of, or utilised by the University;

other income or benefit.

The University shall have the power to administer, take care of, maintain, use, and seek benefit from the property of the University, whether it be the crown land according to the law on crown land or other property.

The income of the University, as well as the penalties accruing from the execution of the objectives of the University, but not including the penalties accruing from breaches of academic leave contracts and the penalties accruing from breaches of property purchase contracts or hire-of-work contracts carried out using budgetary money, shall not be the income which must be sent to the Ministry of Finance according to the law on treasury reserve and the law on budgetary procedure."

The following stipulations shall be inserted in the Thammasat University Act, 2531 BE, as section 12bis:

""All immovable property obtained by the University through dedications made by anyone or through purchase or exchange using the income of the University shall not be considered crown land and shall be subject to the ownership of the University.""

The provisions of section 12bis of the Thammasat University Act, 2531 BE, as amended by this Act, shall not apply to all immovable property obtained by the University through dedications made by anyone or through purchase or exchange using the income of the University prior to the day of coming into force of this Act.

This Subminister of Universities shall be in charge of the execution of this Act.