Section 114 in Arunachal Pradesh Municipal Act, 2007
114. Power to discontinue payment towards Sinking Fund.
- If, at any time, the sum standing at the credit of a Sinking Fund established under section 112 for the repayment of any loan is of such amount that is allowed to accumulate at the rate of interest sanctioned under the first proviso to sub-section (1) of section 109, it will be sufficient to pay off the loan within the period approved by the State Government under the said proviso, further payments towards such fund may be discontinued.
