State Act
15
Section 15. Application of general fund.
Maharashtra Private Universities (Establishment and Regulation) Act, 2023
Act no. VIII of 20242023In forceMaharashtra (State Act)
15. Application of general fund.— The general fund shall be utilized for meeting all expenses, recurring or non-recurring in connection with the affairs of the university: Provided that, no expenditure shall be incurred by the university in excess of the limits for total recurring expenditure and total non-recurring expenditure for the year, as may be fixed by the Board of Management, without prior approval of the Board of Management.