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Section 42

The Telangana Water Resources Development Corporation Act, 1997.State Act of Telangana · Act 12 of 1997

(1) Subject to the provisions of sub-section (2) of section 43 of this Act, the net profit, if any, attributable to each of the main objects, namely, irrigation, shall be fully credited to the Corporation.

(2) The net deficit, if any, in respect of any of the objects shall be solely borne by the State Government.

43. The interest, charges and all other expenditure shall be added to the capital cost and all receipts shall be taken in reduction of such cost, if the Corporation is in deficit.

Where this provision sits

ActThe Telangana Water Resources Development Corporation Act, 1997.
Section42
JurisdictionState of Telangana
StatusIn force as published by the source

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