State Act
45
Section 45. Permanent Endowment fund
The University of Engineering and Technology Roorkee Act, 2020
Act no. 7 of 20212021RepealedUttarakhand (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This Act was repealed on a date we do not have by the Uttarakhand Private Universities Act, 2023 (Uttarakhand Act 2 of 2024), s.72(1) and Schedule-I item 20; it may still apply to matters that began before then.
45. The University shall establish a permanent endowment fund of Rs. Five Crores 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 and after that shall be renewed for five years again and the said Bank Guarantee shall be increased by 25 percent after every five years.