State Act

The Jagannath Barooah University Act, 2023

40. The functions of the Finance Committee shall be as follows:— (i) to examine the annual budget estimates and to give advice and suggestion to the Executive Council thereon; (ii) to make recommendations to the Executive Council relating to the finances of the University; (iii) to examine every proposal for new expenditures involving a sum of money exceeding rupees one lakh and to advise the Executive Council thereon; (iv) to review the financial position of the University periodically; (v) to suggest, in general, the means for the improvement of the financial position of the University; (vi) to review grades of pay for all staff of the University so that they conform to the State Government rules and policies and report to the Executive Council; (vii) to deal with such other matters relating to the financial matters of the University, as may be prescribed by the Statutes and Ordinances. (viii) The Committee shall sit at least twice a year, and all the expenditures of the University shall be placed before the Committee.