Central
Section 20 of The Dr.YSR Architecture and Fine Arts University Act, 2008
Borrowing of money -The University may accept money from the Government of India, the State Government, the University Grants Commission, and also borrow money from a Bank or a Corporation, for the purposes of the University:
Provided that where the University intends to borrow money from a Bank or a Corporation or both exceeding an amount of ten lakh rupees at a time or in the aggregate, it shall obtain the prior written approval of the Government therefor.
19PreviousSection 19 CHAPTER-V UNIVERSITY FUNDS etc.21NextSection 21 Certain restrictions in respect of financial matters - The University shall not divert earmarked funds for other purposes or revise scales of pay of its staff or implement any scheme which involves any matching contribution from the Government or which imposes a recurring liability on the Government, after the assistance from the sponsoring Authority ceases, without the prior written approval of the Government: