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[Cites 0, Cited by 0] [Section 303] [Entire Act]

State of Kerala - Subsection

Section 303(4) in Kerala Municipality Act, 1994

(4)Where any part of a sinking fund is applied in paying off any part of a loan before the period fixed for repayment the interest which would otherwise, have been payable on such part of the loan shall be paid into the sinking fund and invested in the manner laid down in sub-section (2).