State Act

THE UTTAR PRADESH FORESTRY AND HORTICULTURE UNIVERSITY ACT, 2026

52.(1) The annual accounts and balance sheet of the University shall be prepared under the direction of the Executive Council and all money accounted to or received by the University from whatever source and all amounts disbursed or paid shall be entered in the accounts maintained by the University. (2) A copy of the annual accounts and the balance-sheet shall be submitted to the State Government which shall cause the same to be audited. (3) The annual accounts and the balance-sheet audited shall be printed and copies there of shall together with copies of the audit report be submitted by the Executive Council to the State Government. (4) (i) The Executive Council shall also prepare before such date, as may be prescribed, the budget for the ensuing year; (ii) The State Government shall allocate to the University, in each financial year, such sums of money and in such manner as may be considered necessary for the exercise of its powers and discharge of its functions under this Act; (iii) The University shall establish a fund to be called the ‘University Fund’ which shall consists of,— (a) any contribution or grants or loans by the State Government or the Central Government; (b) the income of the University from all sources including income from affiliation fees and charges; (c) the moneys received by the University by way of grants, loans, gifts, donations, benefactions, bequests or endowments and other grants, if any; (d) the moneys received by the University from the collaborating Industries in terms of the provisions of the Memorandum of Understanding entered between the University and the Industry, for establishment of sponsored chairs, fellowships or infrastructure facilities of the University; and (e) the moneys received by the University in any other manner or from any other sources; (iv) The funds of the University shall be applied towards the expenses of the University including expenses incurred in the exercise of its powers and discharge of its functions by or under this Act. (5) Every item of new expenditure above such amount as may be prescribed, which is proposed to be included in the budget, shall be referred by the Executive Council to the Finance Committee which may make recommendations thereon. (6) The Executive Council shall after considering the recommendations, if any, of the Finance Committed approve the budget finally. (7) It shall not be lawful for the Vice-Chancellor or the Executive Council to incur any expenditure,— (a) either not sanctioned in the budget, or in the case of funds granted to the University, subsequent to the sanction of the budget, by the State Government or the Government of India or the University Grants Commission or any international organisation or foundation, save in accordance with the terms of such grant: Provided that notwithstanding anything in sub-section (7) of section 11, the Vice-Chancellor may in the case of the fire, flood, excessive rainfall or other sudden or unforeseen circumstances incur non-recurring expenditure not exceeding rupees five lakh not sanctioned in the budget and he shall immediately inform the State Government in respect of all such expenditure; (b) on any litigation in opposition to any order of the Chancellor or of the State Government purporting to be made under this Act or Statutes.