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State of Karnataka - Section

Section 54A in Karnataka Housing Board Act, 1962

54A. [ Mode of repaying loan. [Sections 54A and 54B Inserted by Act 8 of 1988 w.e.f. 1.5.1988.]

- Every loan obtained by the Board shall be repaid within the period and in the manner agreed upon by the Board,-
(a)from a sinking fund established for the purpose under section 54B; or
(b)from money borrowed for the purpose; or
(c)partly from the sinking fund established under section 54B and partly from the money borrowed for the purpose.