Amendment status not verified — confirm the current text below against the official source.
Subject to the other provisions of this Act, the Finance Committee shall exercise the followinf?, powers and perform r.he following functions. namely:- (i) to examine the annual accotmts and annual estimates oflhe University and to advise the Board thereon; (ii) to review from time to time the financial position of the University; (iii) to make recommendations to the Board on all financial policy matters of the University; (iv) to make recommendations to the Board on all proposals involving raising of funds, receipts am! expenditure; (v) to provide guidelines for investment of surplus funds; (vi) to make recommendations to the Board on proposals involving expenditure for which no provision has been made in the budget or for which expenditure in excess of the amount provided in the budget needs to be incurred; 15-35 J>ov.•ers and Duties of.Finance Con1n1ittee. 15-36 Buildings and Es111e Commilltt. GUJARAT GOVERNMENT GJ\ZETIE, EX. 01 -04-2017 (vii) to examine proposals relating to the revision and upgradation of pay-scales and to place before the Board those items which are not included in the budget; (viii) to open accounts i11 any Scheduled Bank, operate such accounts and to issue instructions to the bank for the operation of such accounts; (ix) to operate Endowment Fund, General Fund and Development Fund; (x) to pass tenders, contracts and other expenditure for projects and recommend to the Executive Council for final approval; (xi) to consider the delegation of financial powers to the University ol11cers; (xii) to exercise such other powers and perfom1 such other functions as may be conferred or imposed on it by the regulations. 3 1. (1) The Buildings and Estate Committee of the University shall consist of the following members. namely:- (i) the Vice-Chancellor ex-officio Chairperson; (ii) the Pro-Vice-Chancellor ex-officio Vice-Chairperson; (iii) the Secretary to the Government of Gujarat, fribal Development Department or his nominee, not below the rank of Deputy Secretary; (iv) the Commissioner, lligher Education, Gujarat State or his nominee not below the rank of Joint Director; (v) the Chief Engineer, Roads and Buildings Depanmcnt or his nominee not below the rank of Superintending Engineer; (vi) one representative of Institute of Engineers {India) Gttiarat Centre, nominated by the Chairperson of the said lnstin1tc, from amongst its members; (PART IV PART JV 1 GUJARAT GOVERNMENT GAZETIE. EX. 01-04-2017 (vii) one representative of lnstitute of Architects (India) Gujarat Centre, nominated by the Chairperson of the said Institute, from amongst its members. (2) The University Engineer shall be the Secretary of the Committee. (3) The tenn of the nominated members of the Committee shall be three years. (4) The Committee shall,- (a) be responsible for finalising the plans and estimates of the various building projects and for ensuring the completion of the buildings and for proper utilization of the grants received from the University Grants Commission (UGC), the State Government or from any agency; (b) be resporuiible for the maintenance and upkeep of the University buildings; (c) assess the cost of repairs, additions, alteration and demolition of ihe University buildings annually and prepare the budget for the same to be sub1nitted for approval of the Finance Committee and Executive Council; ( d) exercise all such powers, as delegated lo il by the Executive Council; ( e) be responsible for ensuring the completion of the buildings in accordance with the approved plans and estimates and proper utilization of the funds received from the Universily Grants Commission, the Government and from the University's o"'u resources. as the case iuay be. (5) The committee may ccmstitute one or more sub-committees to look after any of the functions and responsibilities assigned to it. 15-37 15-38 Fa('ultitJ. Powtrs and du tits O( fl('Ulty. GUJARAT GOVERNMENT GAZElTE, EX 01-04-2017