Amendment status not verified — confirm the current text below against the official source.
(1) The expenditure for administration of the University during the taking over the liabilities of the University under section 49 shall be met out from the permanent endowment fund, the general fund and 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 taking over the liabilities of the University such expenditure may be met by disposing of the properties or Assets of the University by the State Government. De-recognition of the University by the State Government