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29. Fund of the University

29. Fund of the University:

(1) there shall be a separate fund of the University and the fund shall consist of the following amounts:
(a) Grants received from Government of Nepal,
(b) The amount given by any person or organization as donation, charity and financial assistance,
(c) The amount received as assistance or loan from foreign government, international organizations, associations,
financial institutions or persons,
(d) Fees or the amount to be received from any other source.
(2) While receiving any amount pursuant to Sub-section (c) of Sub- section (1), the University shall have to obtain approval of Government of Nepal.
(3) The amount of the fund of the University shall be deposited in an account opened with the prescribed bank.
(4) The operation account of the University shall be as prescribed.

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