Common use of MANAGEMENT OF RESIDENCE PROJECTS Clause in Contracts

MANAGEMENT OF RESIDENCE PROJECTS. 3.2.1. All monies received must be paid in against the cost point of the particular House fund. No monies received may be used to pay expenses directly. If this rule is disregarded, disciplinary action may be taken against the treasurer and/or other students or persons who are party to it. Any student or person who is party to the infringement will be reported to the SARS and such student or person will be liable for all taxes and fines that may arise from the matter.