section 137
Application of Sinking Fund
The Jharkhand Municipal Act 2011Infrastructure2011619 sections2 chapters
Part III FINANCIAL MANAGEMENT OF MUNICIPALITIES
Statutory text
A Sinking Fund or any part thereof shall be applied to the discharge of the loan or a part of the loan for which such Fund was created and, until such loan or part thereof is wholly discharged, such Fund shall not be applied to any other purpose.
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