section 159
Time for repayment of money borrowed under Section 158.
The Punjab Municipal Corporation Act, 1976Infrastructure1976412 sections21 chapters
Chapter VIII Chapter VIII
Statutory text
The time for the repayment of any money borrowed under section 158 shall in no case exceed sixty years and the time for repayment of any money borrowed for the purpose of discharging any previous loan shall not, except with the express sanction of the Government, extent beyond the unexpired portion of the period for which such previous loan was sanctioned.
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