THE Hong Kong University of Science and Technology (HKUST) has finally won approval for a grant of $120 million for the purchase of teaching equipment. The application was re-submitted to the Legislative Council's Finance Committee yesterday after members rejected the request two weeks ago saying their first submission, in one page, was too brief. Details of how the HKUST planned to upgrade its basic teaching equipment were contained in a 20-page paper. Independent Emily Lau Wai-hing noted the need for an efficiency unit under University and Polytechnic Grants Committee (UPGC) to keep an eye on the use of of newly bought equipment. UPGC Secretary-General Nigel French said the group would monitor the funding once it was granted. Democrat Cheung Man-kwong questioned whether the $120 million funding was needed, saying the institute could draw money from the $400 million remaining unused from a previous grant. Mr French said, however, they were separate grants and could not be interchanged.