Section 102(1) in The Maharashtra Universities Act, 1994
(1)The university shall establish the following funds, namely:-(a)general fund;(b)[ Salary Fund.- [This entry was substituted by Maharashtra 55 of 2000, section 59(a).](i)for all posts approved by the State Government;(ii)for all other posts separately;](c)trust fund;(d)development and programme fund;(e)contingency fund;(f)any other fund which, in the opinion of the university, is deemed necessary to establish.
