Section 27 in The Rashtriya Raksha University Act, 2020.

Title: Other authorities and officers.

Description: The powers and duties of other authorities and officers, other than those hereinbefore mentioned, of the University including their terms and conditions of service shall be such as may be laid down in the Statutes.

Title: Grants by Central Government.

Description: For the purpose of enabling the University to discharge its functions efficiently under this Act, the Central Government may, after due appropriation made by Parliament by law in this behalf, pay to the University in each financial year such sums of money in such manner as it may think fit.

Title: Grants by State Governments.

Description: The University may receive such sums of money as grants-inaid annually or as one-time grant from any State Government.

Title: Corpus of University.

Description: The University may receive funds from the Central Government or State Governments or other sources or use its funds to maintain and operate a corpus of the University.

Title: Fund

Description: (1) The University shall maintain a Fund to which shall be credited— (a) all moneys provided by the Central Government; (b) all moneys received from State Governments; (c) all fees and other charges received by the University; (d) all moneys received by the University by way of grants, gifts, donations, benefactions, bequests or transfers; and (e) all moneys received by the University in any other manner or from any other source. (2) All moneys credited to the Fund of the University shall be deposited in such banks or invested in such manner as the University may, with the approval of the Central Government, decide. (3) The Fund of the University shall be applied towards meeting its expenses including expenditure incurred in the exercise of its powers and discharge of its duties under this Act.

The Rashtriya Raksha University Act, 2020.