The municipality shall establish a Sinking Fund in respect of each loan raised under section 133 for the repayment of money borrowed, or debentures issued, and shall, every year, pay into such Sinking Fund such sum as shall be sufficient for the repayment, within the period fixed for the loan, of the money borrowed or the debentures issued.
Section 136: Establishment of Sinking Fund
Jharkhand Municipal Act 2011State Act of Jharkhand · Act 7 of 2012
Where this provision sits
| Act | Jharkhand Municipal Act 2011 |
|---|---|
| Section | 136 |
| Marginal note | Establishment of Sinking Fund |
| Jurisdiction | State of Jharkhand |
| Status | In force as published by the source |
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