Cap. 25:27 Zimbabwe Council for Higher Education Act No. 1/2006 (2) The Council shall analyse all reports submitted pursuant to subsection (1) and may make such comments or give such advice thereon for action by the institution of higher education concerned. (3) If an institution has failed to submit its report within the stipulated period, the Council may serve on the institution an order(a) requiring the institution to submit its report; and (b) stipulating the period within which the report should be submitted; and notice of the order shall be published by the Council in such manner as it considers appropriate to draw the attention of the persons affected or likely to be affected by the order. (4) An order served in terms of subsection (2) may specify a penalty for each day that the institution subjected to the order is in default of compliance with the order, not exceeding level five. (5) the Council may institute civil proceedings for specific performance or the recovery of any penalty imposed in terms of subsection (4) against the institution concerned. (6) A judgment given by a court in terms of subsection (5) shall have the same force and effect and may be executed in the same manner as if the judgment had been given in a civil action instituted in the court. PART VI FINANCIAL PROVISIONS 22 Funds of Council The funds of the Council shall consist of(a) any moneys that may be payable to the Council from moneys appropriated for the purpose by Act of Parliament; (b) any donations, grants, bequests or loans made to the Council with the consent of the Minister; and (c) registration fees received in terms of section 10; (d) any civil penalties collected in terms of section 21; (e) any other moneys that may accrue to the Council whether in terms of this Act or otherwise. 23 Investment of monies not immediately required by Council Any funds of the Council not immediately required by the Council may be invested in such a manner as the Council in consultation with the Minister, may approve. 24 Financial year The financial year of the Council shall be a period of twelve months ending on the 31st December in each year. - 13 -