Permanent Endowment Fund

41.

1. (1) The University shall establish a permanent endowment fund of at least rupees one crore which may be increased suo motu but shall not be !. . i .2 &&. ' , *. . 1 . .
2. (2) 'The University shall have power to invest the permanent endowment fund in such manner as may be prescribed.
3. (3) University may transfer any amount from the general fund or the development fund to the permanent endowment fund. Excepting the dissolution of the University, no monies shall be transferred from the permanent endowment fund to other...
4. (4) . 'Not exceeding 75% of the incomes received from the corpus permanent endowment fund, which is mentioned in sub para of this section, shall be used for the purposes of development works of the University.