section 121
Application of capital account.
The Trivandrum City Improvement Trust Act, 1960Civil1960160 sections7 chapters
Chapter V FINANCE
Statutory text
The moncys credited to the capital account shall be held by the Board in tiust, and shall be applied to—
- (a) meeting all costs of framing and executing improvement schemes;
- (b) meeting the cost of acquiring land for carrymg out any of the purposes of this Act,
- (c) meeting the cost of constructing buildings required for carrying out any of the purposes of this Act;
- (d) the repayment of loans from money borrowed in pursuance of this Act, (¢) making payments in pursuance of section 14G, otherwise than for interest or for expenses of maintenance or working;
- (f) making, or contributing towards the cost of surveys in pursuance of section 163; 34/4095
- (g) meeting such proportion of the cost of management as may be prescribed by the Board;
- (h) temporarily making good the deficit (if any) in the revenue account at the end of any financial year,
Study data processing for this section.
PDF: pending for this language.