Requirement of land.

No university shall be established unless the sponsoring body is in possession of -

1. (i) a minimum of twenty acres of land outside the municipal limits ; or
2. (ii) a minimum of ten acres of land within the municipal limits. Explanation: For the purposes of this section, “possession” means possession either by way of ownership or as a lessee having perpetual lease for a minimum period of thirty years.# No power to affiliate any college or institution.

“(10) Bar to affiliation and opening off shore campus etc.-(1) The university

shall not admit any college or institution to the privilege of affiliation.

1. (2) It shall not open any off campus, off shore campus, study centre and examination centre in or out of the State of Haryana and shall not offer any programme through distance education mode.”.* Endowment fund. 11. “(1) The sponsoring body shall establish an endowment fund for the university with a minimum amount of five crores rupees which shall be pledged in the form of Fixed Deposit Receipt in original in favour of the Higher Education Commissioner, Haryana, Panchkula.* Note: The provisions of sub-section (1) shall not be applicable to the existing private university.*
2. (2) The endowment fund shall be used as a security deposit to ensure that the university complies with the provisions of this Act, Statutes,

Ordinances, Rules and Bye-laws. The Government shall have the power to

forfeit the whole or part of fund in case the university or the sponsoring body contravenes any of the provisions of this Act, Statutes, Ordinances, bye-laws or Rules or use it for meeting the expenditure for academic and

administrative purposes in case of dissolution in accordance with bye-laws

.”.*

1. (3) Income from endowment fund may be utilized for the development of infrastructure of the university but shall not be utilized to meet out the recurring expenditure of the university.
2. (4) The amount of endowment fund shall be invested and kept invested until the dissolution of the university, in long term securities issued or guaranteed

by the Government or deposited and kept deposited in an interest bearing personal

deposit account in Government treasury.

1. (5) In case of investment in a long term security, the certificates of the security shall be kept in the safe custody of the Government and in case of deposit in the interest bearing personal deposit account in the Government treasury, the deposit shall be made with the condition that the amount shall not be withdrawn without the prior permission of the Government. General fund. 12. Every university shall establish a fund, which shall be called the general fund to which the following shall be credited, namely:-
   • (a) fees and other charges received by the university;
   • (b) any contributions made by the sponsoring body;
   • (c) any income received from consultancy and other work undertaken by the university in pursuance of its objectives;
   • (d) trusts, bequests, donations, endowments and any other grants; and
   • (e) all other sums received by the university.