Section 15(19) in First Statutes of the Rai University
(19)The Board shall, from and out of the income realized from the properties, assets and finds of the University, and from any other sources which may get, expand such sum or sums of money as they may deem proper towards the maintenance of the properties of the university, pay all rates and taxes, pay such sums towards repayment of any borrowings and meet all expenses which the members may in their discretion think necessary for the proper and efficient management of the university, and in particular pay the salaries and allowances of all staff and servants, purchase books, equipments and furniture, pay management contributions for the provident fund of the staff, gratuity, pension etc., awards, prizes or scholarship to students and incur any other items of expenditure, relating to the university/institutions, if any, under the management of the university not hereinbefore specifically mentioned.
