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Section 28: The University Fund

The Himachal Pradesh Technical University Act, 2014State Act of Himachal Pradesh · Act 2 of 2015

(1) The University shall establish a fund to be called the University Fund to which shall be credited:—

(a) any contribution or grant or loan received from the State Government and the Central Government;

(b) the income of the University from all sources including income from fees and other charges;

(c) all moneys received by the University by way of bequest, donations, gifts, endowments and other grants, if any;

(d) all moneys received by the University in any other manner or from any other source.

(2) All funds of the University shall be deposited in such banks or invested in such manner as decided by the Vice-Chancellor.

(3) The funds of the University shall be applied towards the expenses of the University including expenses incurred in the exercise of its powers and discharge of its functions by or under this Act.

Where this provision sits

ActThe Himachal Pradesh Technical University Act, 2014
Section28
Marginal noteThe University Fund
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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