State Act
42
Section 42. Permanent Endowment Fund
Act no. 04 of 20172017RepealedUttarakhand (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This Act was repealed on a date we do not have by the Uttarakhand Private Universities Act, 2023 (Uttarakhand Act 2 of 2024), s.72(1) and Schedule-I item 16; it may still apply to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 Uttarakhand whose tenure shall be five years.