State Act
27
Section 27. Power to Borrow
Jharkhand University of Technology Act 2011 and its ammendment
In forceJharkhand (State Act)
27. Power to Borrow 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 therefore.