Section 6
Grants-in-aid and accounts
of University of Malaya Act 1961
The Minister shall pay to the University such moneys as may be provided by Parliament from time to time as grants-in-aid of the University.
(2)
All moneys paid to the University under subsection (1)
shall be applied or expended by the University for all or any of the purposes of the University in accordance with the estimates approved under Part V of the Constitution:
Provided that any such moneys appropriated to and not applied for the purpose of the annually recurrent expenditure of the
University may, at the discretion of the University, be applied to capital expenditure.
(3)
A copy of the accounts of the University for each financial year when prepared and audited in accordance with the Constitution shall, as soon as practicable after the completion of the audit, be sent to the Minister.