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Section 24A: Improvement reserve

The Bangalore Water Supply and Sewerage Act, 1964State Act of Karnataka · Act 36 of 1964

The Board shall create a reserve for improvement works and shall, at the end of every year, credit to such reserve from its revenue such percentage of the balance remaining after meeting its operating, maintenance and management expenses and after adequate provision is made for depreciation, taxes, interest and amortization payments on loans and other borrowings as the Board may determine, taking into consideration the improvement works which the Board will have to execute in order to provide adequate water supply and sewage disposal services in the Bangalore Metropolitan Area.

1. Section 24A and 24B inserted by Act 6 of 1966 w.e.f. 10.9.1964.

Where this provision sits

ActThe Bangalore Water Supply and Sewerage Act, 1964
Section24A
Marginal noteImprovement reserve
JurisdictionState of Karnataka
StatusIn force as published by the source

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