9. (1) The Board shall have its own fund which shall be utilized by it to meet the charges in connection with its functions under this Ordinance. (2) The funds of the Board shall comprise- (a) funds of the Santosh Islamic University, the Santosh Islamic University Project Implementation Committee and the Local Project Committee; (b) grants from the Government; (c) grants from the local authorities; (d) donations and endowments; (e) receipts from the institutions maintained by the Board; (f) receipts from any other source. (3) The funds of the Board shall be kept in any scheduled bank, and its bank account shall be operated by such Trustee or Trustees as it may specify.