RSFPU Ordinance 8
धारा 8 · Endowment Fund
अक्षर आकार — स्तर 1, कुल 4 में से
(1)
The sponsoring body shall establish and Endowment Fund for the University with an amount of,-(i)
in case the university is situated-(a)
fifteen kilometers away from the municipal limits of the Divisional Headquarters Cities, or(b)
ten kilometers away from the municipal limits of other cities,(ii)
in case the University is situated in scheduled tribal area and maintains the distance specified in clause (i) from the municipal limits of a city, seventy five lacs rupees;(iii)
in other cases, two crore rupees.(2)
The Endowment fund should be used as security deposit to ensure that the University complies with the provisions of this Ordinance and functions as per provisions of this Ordinance, Statutes and Ordinances. The State Government shall have the powers to forfeit in the prescribed manner, a part or whole of the Endowment Fund in case the University or the sponsoring body contravenes the provisions of this Ordinance, Statutes, Ordinances, Regulations or Rules made thereunder.(3)
Income from endowment fund may be utilised for development of infrastructure of the University but shall not be utilised to meet out the recurring expenditure of the University.(4)
The amount of Endowment Fund shall be invested and kept invested until the dissolution of the University in long term securities issued or guaranteed by the State Government in the name of the University.(5)
The certificates of the securities shall be kept in the safe custody of the State Government.इस धारा पर आपका निजी नोट
यह नोट सिर्फ़ आप देख सकते हैं।