State Act

Soban singh jeena University Act,2019

29. (1) The Finance Committee shall have the following members, namely:- (a) Chancellor; (b) Principal Secretary/ Secretary of the Department of Higher Education of the State Government, or a officer nominated by him who is not below the rank of Additional Secretary; (c) Principal Secretary/ Secretary of the Finance Department of the State Government, or a officer nominated by him who is not below the rank of Additional Secretary; (d) Registrar; (e) A person nominated by the Executive Council to represent the Executive Council who has extensive experience in financial matters. The person to be elected shall not be a member of the management committee of the University or any affiliated college, self-financed institution or associate college, or a person serving in such college; (f) A person nominated by the State Government, who is renowned in the financial and/or academic field; (g) Examination controller; (h) Finance officer who shall also be the Secretary of the committee. (2) The Finance Committee shall advise the Executive Council on matters related to the administration of the property and funds of the University. It shall fix the total recurring and non-recurring expenditure limit for the subsequent financial year, keeping in view the income and resources of the university and for such special reasons may revise, such fixed limit shall be levied on the Executive Council during the financial year: Provided the provisions of this subsection shall not apply to the powers received by the Vice-Chancellor under subsection (7) of Section 12, and additional expenses incurred shall be met by saving in other areas of the budget. (3) The Finance Committee shall have such other powers and duties as may be conferred or imposed on it by this Act or Statutes. (4) Unless the proposal has financial implications, is recommended by the Finance Committee, the Executive Council shall not decide on it and if the Executive Council disagrees with the recommendations of the Finance Committee, it shall return the proposal to the Finance Committee with reasons for disagreement, and if the executive Council again disagrees with the recommendations of the Finance Committee, the case shall be referred for decision to Government, whose decision shall be final.