Expenditure of the University during dissolution

Education201249 sections6 chapters

Chapter 6 Chapter 6

Statutory text

(1) The expenditure for administration of the University during the taking over period of its endowment fund, management fund, the general fund or the development fund;
(2) If the funds referred to sub-section (1) are not sufficient to meet the expenditure of the University during the taking or period of its management, such expenditure may be met by disposing of the Properties or Assets of the University, by the Sponsor and State Government; Provided that, notwithstanding anything contained in this section, the State Government may issue such directions from time to time to the university on policy matters not inconsistent with the provisions of this Act, as it may deem necessary which shall be complied with by the university.

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