University Fund

38. University Fund 38. (I) The University shall establish a fund to be called the Uni,·ersity Fund. (2) ·n1c fo llowing shall fom1 part of, or be paid into the University Fund, namely:- (a) any contribution or grant by Government or Veterinary Council of India or Indian Council of Agricultural Research or any other agency; (h) the income of the University from all sources including income from fees and charges and sale of farm products; (c) receipts. bequest. donations endowments aod other grants. etc .• received by the University; and ( d) any sum borrowed from the Banks with the previous permission of the Stace Government. (3) The University Fwid shall be kept m the State Bank of India, or in any Scheduled Bank as defined in the Reserve Bank of India Act. 1934, or be, in,·ested in securities authorised by the Trusts Act, 1882, or the Bombay Public Trusts Act, 1950.