section 29
University Fund
The Indian Institute of Teacher Education Gujarat Act, 2010Education201047 sections9 chapters
Chapter VI FINANCE
Statutory text
- (1) The University shall establish a fund to be known as the "University Fund" to which shall be credited—
- (a) all moneys provided by the State Government;
- (b) all fees and other charges received by the University;
- (c) all moneys received by the University by way of grants, gifts, donations, benefactions, bequests or transfers;
- (d) all moneys received by the University from any other source.
- (2) The funds of the University shall be kept in such scheduled bank or invested in such manner as the Executive Council may think fit.
- (3) The fund shall be applied for the purposes of the University in such manner as may be prescribed.
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