Section 146: Issue of Municipal Bonds for development of urban infrastructure and Pledging of Municipal Assets as security

Jharkhand Municipal Act 2011State Act of Jharkhand · Act 7 of 2012

(1). Subject to such guidelines and procedure as the Central Government may lay down, from time to time, and with the previous approval of the State Government, the municipality may issue tax-free Municipal Bonds for financing of projects for development of urban infrastructure.

(2). The municipality may pledge its movable and immovable assets, lands, buildings and revenues from tax in special escrow accounts as security for the Municipal Bonds issued for development of urban infrastructure.

Where this provision sits

Act	Jharkhand Municipal Act 2011
Section	146
Marginal note	Issue of Municipal Bonds for development of urban infrastructure and Pledging of Municipal Assets as security
Jurisdiction	State of Jharkhand
Status	In force as published by the source

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