Sri Lanka Consolidated Acts

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Higher Education Act (No. 20 of 1966) - Sect 79

The National Council to return estimates and appropriations with any resolution under section 78

79. The National Council shall return the quadrennial financial estimates and annual appropriations of a University to the Board of Regents together with any resolutions passed under the provisions of section 78; and that Board shall thereupon accept the decisions of that Council: Provided, however, that-
(a) subject to the provisions of section 73 (3), the Board of Regents may, unless the National Council otherwise directs, transfer moneys assigned under one head of expenditure to any other head; and
(b) every such transfer shall be reported to the National Council as soon as possible thereafter.

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