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State of West Bengal - Section

Section 139 in The Calcutta Municipal Corporation Act, 1980

139. Manner of repayment of loans. -

Every loan raised by the Corporation under section 134 shall be repaid within the time approved under that section and such repayment shall be made either (a) from a Sinking Fund established under section 145 in respect of such loan or (b) partly from such Sinking Fund and (to the extent to which such Sinking Fund falls short of the sum required for the repayment of such loan) partly from the loan raised for the purpose under section 134, as may be approved by the State Government.