Section 37. Government Grants.

The Government shall every year make the following lump sum grants to 1[each University], namely :— (i) A grant not less than the expenditure incurred in the 2[Union territory of Jammu and Kashmir] on such of the activities of the institutions of Agriculture, Animal Husbandry and other Government Departments as are transferred to 1[each University]. (ii) A grant not less than the estimated net expenditure of pay and allowances of the staff, contingencies, supplies and services of 1[each University] other than in respect of the activities in various organization, referred to above in clause (i). (iii) A grant to meet such additional items of expenditure recurring and non-recurring as the Government deem necessary for the functioning of 1[each University].