Section 170 in The Orissa Municipal Corporation Act, 2003
170. Powers to discontinue payment towards Sinking Fund.
- If, at any time, the sum standing at the credit of a Sinking Fund established under Section 168 for the repayment of any loan is of such amount that if allowed to accumulate at the rate of interest sanctioned under the first proviso to Sub-section (1) of Section 165, it will be sufficient to pay off the loan within the period approved by the Government under the said proviso, further payments towards such fund may be discontinued.
