State Act
26
Section 26. Borrowing of money
the Dravidian University Act, 1997.
Act no. 17 of 19971997In forceAndhra Pradesh (State Act)
26.Borrowing of money – The University may accept moneys 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 fifty thousand rupees at a time or in the aggregate, it shall obtain the prior written approval of the Government therefor.