Expenditure of the University during Dissolution

(1) The expenditure for administratlon of the University during the taking over periorj of its management shail be met out of the Endowment Fund, General Fund or the Development Fund, (2) where the dissoli-ition of the University is due to mis-managemen'i or rnal-administration, the Government is at liberty to identify the persons respcnsible for such mis-management or mal-administration and to impose penalty as it deems fit' (3) lf the f unds ref erred to in clause (1) of section 30 are not sufficrent to rneet the expenCiture of the University during the dissolution, such expenditure ma)/ be met bl' rjispcsing of assets of the Univetsity. by tne State Gcvernrneni'