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State of Telangana - Section

Section 51 in Sri Konda Laxman Telangana State Horticultural University Act, 2007

51. Finance Committee.

(1)The Board shall constitute a Finance Committee consisting of:-
(i)The Vice-Chancellor (Ex-officio Chairman);
(ii)The Secretary to Government, Finance Department who is member of the Board;
(iii)One person from among the faculty Deans to be nominated by the Vice-Chancellor;
(iv)One person from among the Directors to be nominated by the Vice-Chancellor;
(v)One Member who should be the Non-officials, nominated from among the Board;
(vi)Comptroller shall be the Ex-officio Member- Secretary of the Committee.
(2)Finance Committee shall have the following functions, namely:-
(i)to examine the annual accounts and budget estimates of the University and to advise the Board thereon;
(ii)to review the financial position of the University at least once in six months and as may be necessary;
(iii)to make recommendations to the Board on all matters relating to the finances of the University.