State Act
49
Section 49. Borrowing of Money.
Sri Konda Laxman Telangana State Horticultural University Act, 2007.
Act no. 30 of 20072007In forceTelangana (State Act)
49. The University may accept moneys from the Government of India, Indian Council of Agricultural Research, the State Government, the University Grants Commission and also borrow money from a Bank or a corporation for the purpose 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 lakhs of rupees at a time or in the aggregate, it shall obtain the prior written approval of the Government thereof.