Section 14(4) in The Punjab Agricultural University Act, 1961
(4)The Comptroller shall -(a)ensure that no expenditure not authorized in the budget, is incurred by the University otherwise than by way of investment, and(b)disallow any expenditure not warranted by the terms of any Statute or for which provision is required to be made by the Statute but has not been so made.(c)All moneys belonging to the University shall be kept in the Treasury or in a Bank approved by the State Government.
