According to Article 40 of the Law of Ukraine “On Higher Education”, the financial basis for the activities of Students’ Self-Government bodies is the funds determined by the Academic Council of a higher educational institution in the amount of not less than 0.5 per cent of the own income received by the higher educational institution from the main activity.
The Students’ Self-Government plans to spend these funds on:
-support of scientific activities (financing of trips to Olympiads, conferences, internships abroad, etc.);
– encouragement of students of budgetary and contractual forms of studying;
-organization of sporting events and other needs.
Thus, the decision on financing Students’ Self-Government in the amount of 0.5 percent of the own income of the university in accordance with the current legislation was adopted unanimously!