Expenditure of University During dissolution

(5) On the dissolution of the University, all the assets and liabilities of the University Shall vest in the Promoting trust. (1) The expenditure for administration of the University during the dissolution of the University under section 50 shall be met out of the permanent 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 dissolution of the University, such expenditure may by disposing of the properties or assets of the University.