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Section 47: Revolving Fund

The Uttar Pradesh Rural Housing Board Act, 1983State Act of Uttar Pradesh · Act 27 of 1983

(1) It shall be lawful for the Board to create a Revolving Fund into which shall be credited all proceeds which may be received by or on behalf of the Board in respect of sales on installment basis of any building or any unit therein constructed or reconstructed by the Board under a housing scheme.

(2) The Revolving Fund shall be held and applied solely for the purposes of construction or reconstruction of buildings under a housing scheme.

Where this provision sits

ActThe Uttar Pradesh Rural Housing Board Act, 1983
Section47
Marginal noteRevolving Fund
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

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