Section 40 in Regulations of the Tamil Nadu Agricultural University
40. Budget.
(1)The Comptroller shall prepare the budget estimate for the University and place it before the Vice-Chancellor for getting the approval of the Board. The procedure for collecting the required data and for finalisation of the budget proposals shall be as prescribed, from time to time.(2)If an occasion arises to incur an expenditure not authorised in the annual financial estimate as approved by the Board, the Vice-Chancellor shall authorise the incurring of the expenditure if it relates to inevitable items of payments. All such cases shall first be placed before the Finance Committee for its comments and then to the Board for ratification.(3)After the close of the financial year, the Comptroller shall prepare a statement of expenditure and savings for placing before the Board by the Vice-Chancellor for getting the ratification of the Board.(4)If an excess expenditure under one head can be met from the savings under another head, the Vice-Chancellor shall permit re-appropriation of funds, on the recommendation of the Comptroller.(5)For incurring an expenditure on new schemes or civil works not contemplated in the financial statement of that year, the Comptroller shall prepare a supplementary statement showing the estimate amount of expenditure to be placed before the Finance Committee and the Board for consideration.However, the initial expenditure on Indian Council of Agricultural Research and other schemes financed by outside agencies will be met from the University funds. Wherever the schemes are sanctioned to the University on matching grant basis, such schemes requiring less than Rs. 1 lakh as matching share of the University be implemented by re-appropriation of funds under the authority of the Vice-Chancellor and those requiring more than Rs. 1 lakh be placed before the Board for necessary sanction
