State Act
53
Section 53. Power to borrow.
THE KARNATAKA SAMSKRITA VISHWAVIDYALAYA ACT, 2009
Act no. 13 of 20102010In forceKarnataka (State Act)
53. Power to borrow.- The University may, for any of the purposes prescribed by the Statutes, borrow money from a bank or a corporation. Where the total amount borrowed exceeds rupees five lakhs, prior approval of the Government shall be obtained for such borrowing.