Amendment status not verified — confirm the current text below against the official source.
(1) The accounts of every private college receiving accounts. grant shall be audited at the end of every academic year by such authority, office or person as may be prescribed and different authorities, officers or persons may be pres- cribed for different classes of private colleges. (2) (a) The authority, officer dr person, prescribed under sub.-section (I), shall send a copy of the report on the audit of the accounts under that sub-section to the competent authority which shall forward the report to the educational agency. (b) The educational agency shall, within such peiiod as may be prescribed, submit that report together with the comments of that agency to the competent authority. Inswon or