State Act
42
Section 42. Permanent Endowment Fund
The Dhamma Dipa International Buddhist University Act 2022
Act no. 13 of 20222022In forceTripura (State Act)
42. Permanent Endowment Fund: (i) The Trust shall establish a Permanent Endowment Fund (ii) The University shall have the power to invest the permanent endowment fund in such a manner as may be prescribed. (iii) The University may transfer any amount from the general fund or the development fund to the Permanent Endowment Fund. (iv) Any amount exceeding the minimum amount specified in sub-section(1) may be withdrawn from the Permanent Endowment Fund by the University for the purposes of development of the University.