Section 40: Sinking Fund

The Rajasthan Farmers Participation in Management of Irrigation Systems Act, 2000State Act of Rajasthan · Act 21 of 2000

(1) The managing Committee of the Farmers' Organisation shall maintain a sinking fund for the repayment of moneys borrowed and shall pay every year into the sinking fund such sum as may be sufficient for repayment within the period fixed of all moneys so borrowed.

(2) The sinking fund or any part thereof shall be applied in or towards, the discharge of the loan for which such fund was created and until such loan is wholly discharged, it shall not be applied for any other purpose.

Where this provision sits

Act	The Rajasthan Farmers Participation in Management of Irrigation Systems Act, 2000
Section	40
Marginal note	Sinking Fund
Jurisdiction	State of Rajasthan
Status	In force as published by the source

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