Section 1
[ (4) Any amount exceeding the minimum amount specified in sub -section (1) may be withdrawn from the permanent endowment fund by the University to be credited to the general fund to meet the recurring/nonrecurring expenses of University. ]
1 [ (4) Any amount exceeding the minimum amount specified in sub -section (1) may be withdrawn from the permanent endowment fund by the University to be credited to the general fund to meet the recurring/nonrecurring expenses of University. ]
(1) The University shall establish a general fund to which the following amount shall be credited, namely :—
(a) all fees which may be charged by the University ;
(b) all sums received from any other source ;
(c) all contributions made by the Education Society ; and
(d) all contributions made in this behalf by any other person or body which are not prohibited by any law for the time being in force.
The moneys credited to the general fund shall be applied to meet all the recurring expenditure of the University.