State Act
21
Section 21. Borrowing of money.
The Jawaharlal Nehru Technological Universities Act, 2008.
Act no. 30 of 20082008In forceTelangana (State Act)
21. The University may accept money 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 ten lakhs rupees at a time or in the aggregate, it shall obtain the prior written approval of the Government therefor.