Expenditure of the University during the transition period

Expenditure of the University during the transition period

1. (1) The expenditure of the University during the transition period or, if the University is dissolved, for its administration until the last batch of students complete their regular courses of studies, shall be met out of the Endowment Fund, the General Fund, the Development Fund or any other funds of the University.
2. (2) If the funds referred to under sub-section
3. (1) are not sufficient to meet the expenditure of the University during the transition period, such expenditure shall be met by the Sponsoring Body.