(t) Thc Univorsity may instiu*c.l.P:tG*dt'utc Diploma Course in Ap,pHed transfatioi i" iltit'il' SPt.tt*$ized local laaguages and crcativ* **iii-NJio*r,_sr"tr [*grr"g*, rccognizcd tocal laaguage, i"*al'diill['rau*ti* puttetn-as psr the rogulations b be'f;;;;; tv trt" --ntuoi*it Cormoil and opaatc it thrcugn fitffii"*tit*'ti"* or organizations within or outside Assam, ,prli"fni.m*rA to tile*iiv"ttity for the said 'ffix to be eligiblc for suoh special affiliation' the Instit*tion or organization r'#'ntinir tnt roirg**e conditions' narnely : -
(a) it shoutd h,;'b;;*glste"d as a society or a tmst;
Ol it should h;;;&"il roi a period of not less than &rcc Ycars; .- r i
(c) Hxltmxi,m #*L :fff*- l.,ffis:
lakh;
le time or Part'timc basis an
(d) 'jtr*t HH-j*tr-*":#; uniter or transrator or academi" *ii"i* as Dkector or Principal; snd '
(e) it should b" h;;G u nutoy *ith;;d"nable nunrbcr of books in stock' Thc Uuiversity shalt trndstake-0ou$le8' schemcs' Prograsrncs and pmiccts d.fr"**il; '{ :;ii;;
in sttrdv' crcative rcse8roh *a A*t'o1'nt"tion io *tn* oi"ariotl' asPocts relating to rit*t arts and Performing art"$' t a) Promotion of Exccllonce in Visualaad Performing Arts.
n.
CHAPTER-VI FFIANC'AT'ID ACCOUNTS UnivcrsitY Fund 28' (1)
(2) ThE Uriversity shall o'stsbli$h a fund to be caild the Univsrsi$ frxtd.
The following shati fo,rm a pryt of, or be paid into, the university firnd, narnelY:-
(a) any contribution or grant- by. tho Government' Ceutral Govemmcrtt, *ijnioLity o*otul' co*i*sion'' Industrial Undertaking, Corporetions' C"*p*ius Associationso other loOio or local authoritiee; . ' rcluding {b) any income "itft* U.i"ersiry from all sources 1r income m*6t* *d "f'*g"s and sale proceeds;
.f OCTOBER 30, 2Ot7 4735 THE ASSAM GAZETTE
(4)
(3)
(5) (c.l boquests, donations, endovrments and other grar*s' if any' \v'' *#".auYthsUniversrry; and
(d) rriscellaneoturecerPts, With thc prior approvJ of tU" Govcyment' the Univcrsily ma!'
&om timc to ti*,,'Iilriish suttt "a* n*ias in such name and ftr such speoi{ic p"ffis-ai mal Ue fSiacO bv the Board' The fiurd shau bc ?ilffi; N*ii"""ntta ot Scheduled Bank or investod tur such J#;; *ti1;.at*ded b'v the Board' lhc firnds and atl ;ffi; t# YS;itv tuutt ut rnanaged in such manners .t *"iU" prescribed by the Sts$tss' The Univcrsity *aYt with the -previous sanctiotr' of the Sovsrnmcnt as rcgards $e nurpo*-*d '*oox of loan and subieet to such Lnditionv as *"y- U* specified by the Govsnnrent r*,o '-u**ity anq ye.#interost'-botoo*: sum of morey from any Ni;-;t*d Bask or Schcduled bank or any ;;ilp"t*- 6;t;t ottrer financial instituson' Thc University shall prc[?f tho.Financial Estimatc of rcceipts and oxpandituresltiitT*'crsity in such marmer as may be prescribcd bY tbo Statutss' ihe Board tt$;;'l;;thc estimates so prepared and approve tUt* *tf, or without modifiPation' The University illi'r.,b-rti such esttmatss as apptoved by the B;.rd to the (iove*mt*'t fot its sanction' TheGovsrilmeotmaypssssuc}ordcrs*itt,refercncetothesaid estirnetcs ss it'titicJ fit and communicate the same to the Uruvers$ uAi"ft *uff gi;e *t" effect to zuah order' The Board may, in urgent fs-cs Yht*;.p-;ditye is in excess of the amounts pto*#fot in the 6USg is fould tb bp neccssary' for rcasons to bc;JA in *itine'*iot* such expenditutt' Theannualaccountsof&eUniversityshallbepreparedbythe Finsnoo *a ,*rilit -Olii;
*d";'th; direction of me Board and all moaies aconring to, or r*"i""a by qs university, from whatwq *o**'-*A a[ -anroult AtUr"sed and paid by the Urir"*ity sbailL ent€rsd inds PTkt:IATY;
The Accounts oiL, iioi"ority shall, at least o-nce in €very year and at intcrval'"rlloi *oo tt* [fteetr months, be audited by t6cat Audit Ifir.e"* of auait made under sub'section (2) strall' as soon as mav be aftcr they ; **tt"d *ory U* E:<anniner of tho Local AuAit, be laid b"#,ffi** **rfrt*" for a total pcriod of fourtetn oays rraich;;;b- "'*d;td in one or mole sessions' Thc Govcrnnrent shall have power to conduct $pocial audit if rcouirpd in r"*p."til"tifUutiti' of fir*ds and the Univ*sity shall ffir;;tffidt*.d[[t*"a by Govcmment on such audit The university ,#il;a;a roiiry any defect or irrcgularity pointedoutbyU*,"Oto"andrcporttheactioritakenthereonto Powqrtobormw 29 Fiftancial Estimare.