section 36
Provided that the University shall have power in consultation with the Finance Committee and the Board to invest provident fund amount in such manner as it may determine.
The Bihar Animal Sciences University Act, 2016Education201655 sections
Statutory text
Government Grants :-The Government shall every year make the following lump sum grants to the University, namely :-
- (i) A grant not less than the net expenditure incurred in the State of Bihar on such of the activities of the Institutions of Veterinary Science, Animal Husbandry, Dairy, Fisheries and other Government agencies / institutions as are transferred to the University;
- (ii) A grant not less than the estimated net expenditure of pay and allowances of the staff, contingencies, supplies and services of the University other than in respect of the activities in various organizations, referred to above in clause (i)
- (iii) A grant to meet such additional items of expenditure recurring and non- recurring as may be deemed necessary by the Government for the proper functioning of the University
- (iv) The State Government may also make non-lapsable lumpsum grant to the University in respect of schemes included in the Five year Plan and transferred to it for implementation by the University of an amount equal to the net outlay in the annual plan. Adjustments of from the anticipated assistance from the Central Government and other agencies sponsoring such schemes may be made in it.
- (v) The state government may pay the full cost of the constructions and furnishing of the building of the University.
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