Vidhi Codex

section 42

Permanent Endowment Fund

The Science Technology and Allied Skill University, Tripura Act, 2026
Education202653 sections
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Statutory text
  1. (i) The Trust shall establish a Permanent Endowment Fund of Rupees One Crore in the form of FD/TD to be deposited with the Department of Higher Education, Government of Tripura;
  2. (ii) The University may transfer any amount from the general fund or the development fund to the endowment fund. Excepting in the dissolution of the University, in no other circumstances can any monies be transferred from the endowment fund for other purposes;
  3. (iii) Not exceeding 75 % of the income received from the endowment fund shall be used for the purposes of development works of the University. The remaining 25% shall be reinvested into the endowment fund;
  4. (iv) The University shall have the power to invest the permanent endowment fund in such a manner as may be prescribed by the State Government;

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