Amendment status not verified — confirm the current text below against the official source.
(1) The Finance officer shall be a whole-time salaried officer of the University and shall be appointed by the Executive Council for a period of five years on such terms, conditions and remuneration as my be prescribed. He may be eligible for reappointment. (2) The Finance officer shall exercise general supervision over the funds of the University and advise in regard to its financial policy. (3) Subject to the control of the Executive Council, he shall manage the investments of the University and be responsible for the preparation and presentation of the annual estimates and statements of accounts and for proper maintenance of the accounts. The Controller of Examination Authorities of the University The Court THE ASSAM GAZETTE. EXTRAORDINARY, SEPTEMBER 5,2011 1761 (4) Subject to the powers of the Executive Council, the Finance officer shall be responsible for ensuring that all moneys are expended for the purposes for which they are generated. (5) The Finance officer shall exercise such other powers as may be prescribed by the Statutes and the Ordinances: Provided that the Chancellor may, on the recommendation of the Executive Council in the case of casual vacancy, may ask the Registrar to perform the duties of Finance officer.