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State of Maharashtra - Section

Section 82D in Nagpur Improvement Trust Act, 1936

82D. [ Application of capital account. [Inserted by Central Provinces and Berar Act XXXIV of 1949, section 26.]

- The moneys credited to the capital account shall be held by the Trust in trust, and shall be applied to---
(a)meeting all costs of framing and executing improvement schemes ;
(b)meeting the cost of acquiring land for carrying out any of the purposes of this Act ;
(c)meeting the cost of constructing buildings required for carrying out any of the purposes of this Act ;
(d)the repayment of loans from money borrowed in pursuance of this Act ;
(e)making payments in pursuance of section 53, otherwise than for interest or for expenses of maintenance of working ;
(f)making or contributing towards the cost of surveys in pursuance of section 54 ;
(g)meeting such proportion of the cost of management as may be prescribed by the Trust ;
(h)temporarily making good the deficit (if any) in the revenue account at the end of any financial year.]