State Act

BIHAR ANIMAL SCIENCES UNIVERSITY ACT, 2016

32. The University Funds -(1) The University shall have a General Fund to which the following shall be credited :- (i) its income from fees, donations, endowments, gifts, benefactions, grants, loans and borrowing and income received from properties of the University. (ii) income from the property of the University such as hostels, research centers, farms etc. (iii) contribution and grants made by the State and Central Government on such conditions as are consistent with the provision of this Act (iv) Other contributions, grants, donations benefactions and loans and other receipts. (v) University may create other funds as provided for in the Statutes. (vi) The Government may provide additional support and grant to the University for learning and research. (2) The University shall furnish statements of accounts, reports and other particulars to the Government relating to any grant made by the Government and shall take such action and furnish such statements, accounts, reports and other particulars relating to the utilization of any grant within such time and manner as the Government may direct. (3) University shall be competent in furtherance of its objectives to accept the grants from the Government or any other State Government or the Central Government or Statutory Bodies or endowments or donations under such conditions as may be agreed upon between the University and the granter or donor.