Section 37(1) in The Nalanda Open University Act, 1995
(1)The head of each department and the coordinator of every study centre shall, if required to do so, prepare in the described form an estima4e of its probable income including income from endowments and bequests, if any, and expenditure for the next ensuing financial year and the same shall be considered and sanctioned by the Executive Council either without alteration or with such alterations as it thinks fit.
