section 42
Permanent Endowment Fund
The Sardar Bhagwan Singh University Act, 2016Education201653 sections
Statutory text
A permanent endowment fund of Rs. 2 Crores pledged in the name of the State Government shall be established by the Sponsoring Trust in the form of a nationalized bank guarantee, which shall have a term of five years, after which it shall be renewed for another five years.
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