Endowment Fund

(1) The Sponsoring Body shall establish an Endowment Fund of Rupees twenty-five Crores. (2) The amount of Endowment Fund shall be kept invested until the dissolution of the University in long term securities. (3) The University may transfer any amount from the General Fund or the Development Fund to the Endowment Fund. (4) Except during the dissolution of the University, no money can be transferred from the Endowment Fund under any other circumstances other than for the purposes of the University. (5) Out of the incomes received from the Endowment Fund, an amount not exceeding seventy-five percent shall be used for the purposes of development works of the University and the remaining twenty-five percent shall be reinvested in the Endowment Fund.