The surplus fund remaining after meeting the expenditure shall be invested in short term deposits with any scheduled or co-operative bank. If long term investment is feasible, the funds shall be kept under deposit with Transport Development Finance Corporation (TDFC) or Tamil Nadu Industrial Development Corporation (TIDCO) or any other statutory or corporate body wholly owned by the Government.
Section 8: Investment of Fund of the Council
Tamilnadu State Council for Higher Education Rules, 1998State Rules of Tamil Nadu · 1994
Where this provision sits
| Act | Tamilnadu State Council for Higher Education Rules, 1998 |
|---|---|
| Section | 8 |
| Marginal note | Investment of Fund of the Council |
| Jurisdiction | State of Tamil Nadu |
| Status | In force as published by the source |
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