Amendment status not verified — confirm the current text below against the official source.
(1) The Executive Council shall prepare, before such date as may be prescribed by the Statutes, the financial estimates for the ensuing year. (2) The Executive Council may, in urgent cases where expenditure in excess of the amounts provided for in the Budget is found to be necessary, for reasons to be recorded in writing, incur such expenditure. Audit of Accounts of the University.