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778.7 Finance%u2022Dean of Students Affairs, the President and Treasurer of the council shall be the signatories of the account and their signatures will be mandatory for any payment from this account.%u2022The Student Council may raise funds, accept donations and gifts from individuals, institutions or local or foreign association upon permission of the university.%u2022All funds raised by the Student Council shall be deposited in the Accounts Department and receipts/payments shall be received.%u2022The Treasurer shall maintain a written statement of accounts on behalf of the Student Council and regularly present such a statement to the council. Any fund received shall be acknowledged with a receipt. Any payment is to be made only against a valid bill.%u2022A faculty might be deputed to audit the statement of accounts, at least twice during the term of office of the Student Council. (Please refer to RAKMHSU/PPM; section 6:6.13 Student Council Policy).8.8 AmendmentsThe functioning of the Student Council will be governed mainly by the rules of Ministerial Decree No (334) concerning the Bylaws of Higher Education Student Councils, which has mostly been incorporated into these regulations. However, any amendment to the bylaws shall coincide with the mentioned bylaws, and shall be reviewed and approved by the Office of Student Affairs.