State Act
20
Section 20. Borrowing of money
the 1Dr.YSR Architecture and Fine Arts University Act, 2008.
Act no. 31 of 20082008In forceAndhra Pradesh (State Act)
20. Borrowing of money -The University may accept money from the Government of India, the State Government, the University Grants Commission, and also borrow money from a Bank or a Corporation, for the purposes of the University: Provided that where the University intends to borrow money from a Bank or a Corporation or both exceeding an amount of ten lakh rupees at a time or in the aggregate, it shall obtain the prior written approval of the Government therefor.