by the Government of Thailand

“ For the sake of the expeditiousness of the University’s administration of business and exploitation of immovable property owned, administered, taken care of or utilised by the University, it is expedient to allow the University to spend its revenues for its activities without having to forward them to the Public Treasury, and to permit the University to exercise ownership over immovable property it obtains through dedication or through purchase or exchanged made out of its revenues without having to take the said property as state immovable property. ”

“ The revenues of the University and the penalties arising from the fulfillment of the objectives of the University need not to be forwarded to the Ministry of Finance pursuant to the law on treasury reserve and the law on budgeting procedure, except the penalties arising from the breaches of academic leave contracts and those from the breaches of the contracts of purchase or hire of work the prices of which are paid out of the public account. ”