Dr. Ram Manohar Lohia Institute of Medical Sciences Act 2015
Section 28. Funds of the Institute
28. (1) The Institute shall maintain a fund to which shall be credited:-
(a) all money provided by the State Government;
(b) all fees and other charges received by the Institute;
(c) all money received by the Institute in any other manner or from any other source.
(2) All moneys credited to the Fund shall be deposited in Nationalized Banks and invested in such manner as the Institute may, with the approval of the State Government, decide.
(3) The fund shall be applied towards meeting the expenses of the Institute including expenses incurred in the exercise of its powers and performance of its functions under section 9.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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