Section 60: Repayment of Loans

The Uttar Pradesh Avas Evam Vikas Parishad Adhiniyam, 1965State Act of Uttar Pradesh · Act 1 of 1966

(1) The Board shall, for the purpose of repayment of any loan raised by it, established a sinking fund in such manner as may be prescribed.

(2) Every such sinking fund shall be maintained, invested and applied in such manner as may be prescribed.

(3) The Board may, and if so directed by the State Government, shall, create a trust in the prescribed manner for investment of a sinking fund and for repayment of the loans for which such fund was established.

Where this provision sits

Act	The Uttar Pradesh Avas Evam Vikas Parishad Adhiniyam, 1965
Section	60
Marginal note	Repayment of Loans
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

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