Amendment status not verified — confirm the current text below against the official source.
General and Other funds - (1)The income from fees, revenue from farms, any contribution and endowment received by, and all grants to, the University, shall form one general fund to be called the “General Fund of the University” and all money so realized and received shall be credited toit. (2) The University may have such other fund and shall maintain such accounts in respect of every fund as may be prescribed. 45.Borrowing of money -The University may accept money from the Government of India, the State Government, the Indian Council of Agricultural Research, National Fisheries Development Board and any other agencies and also borrow money from a Bank or a Corporation, for the purposes of theUniversity:- ProvidedthatwheretheUniversityintendstoborrowmoneyfrom a Bank or a Corporation or both, exceeding an amount of Rs 50,000/- (Rupees fifty thousand only) at a time or in the aggregate, it shall obtain the prior written approval of the Governmenttherefor.