Application of General Fund

The General Fund shall be utilized for meeting all expenses, recurring or non- recurring in connection with the affairs of the University: Provided that no expenditure sha ll be incurred by the Univers ity in e xcess of the limits for tota l recurring expenditure and tota l non-recurring expenditure for the year, as may be fixed by the Board of Manageme nt, w ithout the prior approva l of the

Univers ity in e xcess of the limits for tota l recurring expenditure

and tota l non-recurring expenditure for the year, as may be fixed

by the Board of Manageme nt, w ithout the prior approva l of the