(1) The University shall establish a permanent endowment fund of at least rupees ten crores which may be increased by notification issued in this behalf by the State Government from time to time.
(2) The University shall have the power to invest the permanent endowment fund in such manner as may be prescribed.
(3) The University may transfer any amount from the general fund or the development fund to the permanent endowment fund.
1[(4) Any amount exceeding the minimum amount specified in sub-section (1) may be withdrawn from the permanent endowment fund by the University to be credited to the general fund to meet the recurring/nonrecurring expenses of University.]
(2) The University shall have the power to invest the permanent endowment fund in such manner as may be prescribed.
(3) The University may transfer any amount from the general fund or the development fund to the permanent endowment fund.
1[(4) Any amount exceeding the minimum amount specified in sub-section (1) may be withdrawn from the permanent endowment fund by the University to be credited to the general fund to meet the recurring/nonrecurring expenses of University.]
Source footnotes
1. Subs. by sec. 7 of U. P. Act no. 21 of 2008.आगे पढ़ें / Continue reading
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Section `1 · Short titleSection 2 · DefinitionsSection 3 · Establishment of the UniversitySection 4 · No power to affiliate any institutionSection 5 · Powers of the UniversitySection 6 · University open to all classes, creeds and SexSection 7 · Residence of StudentsSection 8 · Officers of the UniversityIndia Code, Government of India. Text fetched 20 Oct 2026. Source metadata reports last modification: 2024-09-19. Check the linked official text and subsequent notifications when applying a provision.