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 The reasons for promulgation of this Act are as follows: Whereas it is appropriate to enable the University to use its income in its own affairs without having to send it as national income and to enable the University to hold ownership over the immovable property obtained through dedications made by anyone or through purchase or exchange using its income, without requiring the property to be regarded as crown land, for the sake of the flexibility of the University in managing its own affairs and seeking benefit from the immovable property it administers, takes care of, or utilises, it is therefore necessary to enact this Act.