section 307
PRIORITY OF PAYMENT FOR INTEREST AND REPAYMENT OF LOANS OVER OTHER PAYMENTS
The Kerala Municipality Act, 1994Infrastructure1994558 of 560 sections available28 chapters
Chapter XIV TAXATION AND FINANCE
Statutory text
PRIORITY OF PAYMENT FOR INTEREST AND REPAYMENT OF LOANS OVER OTHER PAYMENTS.—All payments due from a Municipality as interest on and for repayment of loans shall be made in priority to all other payments due from that Municipality.
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