Internal Operating Budget.
Section 56
SEC. 56. Internal Operating Budget.—Before the beginning of the budget year, the President of each state university and college shall submit for confirmation to the President (Prime Minister) through the Minister of the Budget the internal operating budget of the institution as approved by its Board of Trustees/Regents, observing such rules and regulations and format as may be determined by the Minister of the Budget: Provided, That the said budget shall indicate the amounts intended for each unit of the university or college, classified as to itemized personal services, lump-sum personal services expenditures, maintenance and operating expenditures, equipment and capital outlays: Provided, further, That the internal operating budget shall indicate for each unit, the amount financed from the General Fund (proper) and the institution's Special Account in the General Fund: and Provided, finally, That in no case shall the total amount of the internal operating budget of the institution exceed the appropriations authorized in this Act plus the automatic appropriations for fixed expenditures. Supplemental budgets may later be approved, funded from actually earned excess income.