State Act

The Assam Science & Technology University Act, 2009

27. The Finance Committee shall have the following powers and duties, namely :— (i) to examine the annual budget estimates and to give advice and suggestions to the Executive Council thereon; (ii) to make recommendations to the Executive Council relating to the Finance of the University; (iii) to examine every proposal for new expenditure involving a sum of money exceeding rupees ten thousand 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 consider and recommend revision of grades of pay and the grades of pay of new posts to the Executive Council; and (vii) to deal with such other matters relating to the financial matters of the University as may be prescribed by the Statutes and the Ordinances.