Expenditure of the University during dissolution

(1) The expenditure for administration of the University during the taking over period of its management under section 47 shall be met out of the endowment fund, the general fund or the development fund. (2) If the funds referred to in sub-section (1) are not sufficient to meet the expenditure of the University during the takeover period of its management, such expenditure may be met by disposal of the properties or assets of the University by the State Government.