Establishment of the University Funds:

51. Establishment of the University Funds: (1) There shall be a Fund to be called the Pandit Raghunath Murmu Tribal University Fund and this fund shall vest in the University for the purposes of this Act, subject to the provision contained therein, and the following amounts shall be credited thereto, namely:- (a) All sums contributed or granted to the University from the consolidated fund of the State of Jharkhand by the State Government for the purposes of the University and all sums borrowed by the University for the purpose of carrying out the provisions of this Act and the Statutes, Ordinances, Regulations and Rules made thereunder; (b) All money received by and on behalf of the Regional Centres and departments established and maintained by the University including all sums paid to the University under any provision of this Act and the Statutes, the Ordinances, Regulations and Rules made thereunder; (c) All interests and profits arising from endowments made to the University and all contributions, donations and subsidies received from any local authority or private person; (d) All fees payable and levied under this Act and the Statutes, Ordinances and Regulations made thereunder; and (e) All other sums received by the University, not included in sub-sections (a), (b), (c) or (d). (2) The University fund shall be kept in such scheduled bank within the meaning of the Reserve Bank of India Act, 1934 (II of 1934), or invested in such securities authorised by the Indian Trusts Act, 1882 (II of 1882), as may from time to time be approved by the State Government. However, any grant or contribution from the State Government shall be kept in Public Ledger Account only.