State Act
42
Section 42. Permanent Endowment Fund
THE GRAPHIC ERA HILL UNIVERSITY1 ACT, 2011
Act no. 12 of 20112011RepealedUttarakhand (State Act)
This Act was repealed on a date we do not have by the Uttarakhand Private Universities Act, 2023 (Uttarakhand Act 2 of 2024), s.72(1) and Schedule-I item 6; it may still apply to matters that began before then.
42. {The University shall establish a permanent endowment fund of Rs. five Crore in the form of a Bank Guarantee of a Nationalized Bank pledged in the name of State Government of Uttrakhand whose tenure shall be five years and after that shall be renewed for five years again.}1