Section 190 in The Orissa Municipal Corporation Act, 2003
190. Use of proceeds from Corporation Bonds.
- The fund to be raised from the Corporation Bonds shall be used for capital investment for development of urban infrastructure in the spheres of water supply, sewerage, drainage, solid waste management, markets, roads, bridges and urban transport, and for reforming and improving the efficiency of existing systems of Corporation administration and for repayment of loans for the aforesaid purposes raised through earlier issues of Corporation bonds or otherwise.
