Funds of Council

(1) The State Council shall have its own Fund to be called the Sikkim State Higher Education Council Fund (hereinafter referred to as the fund) consisting of the grants from the Government, grants received from the Central Government or from the UGC for higher education and such other funds as may be received by the State Council from any other source. (2) The Government may pay to the Stat.e Council in each financial year such sum as may be considered by the Government to be necessary for the functioning of the State Council.