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[Cites 0, Cited by 0] [Section 286] [Entire Act]

State of Kerala - Subsection

Section 286(2) in Kerala Municipality Act, 1994

(2)The budget estimate under sub-section(1) shall-
(a)provide for the payment, as they fall due, of all instalments of principal and interest for which the Municipality may be liable on account of loans; and
(b)allow for a cash balance at the end of the year of not less than [five per cent] [Substituted by Act 8 of 1995, w.e.f. 5-8-1995.] of the revenue of the Municipality.