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State of West Bengal - Section

Section 123 in The Calcutta Improvement Act, 1911

123. Application of capital account. -

The moneys credited to the capital account shall be held by the Board in trust, and shall be applied to -
(a)meeting all costs of framing and executing improvement schemes [* * * * *] [Words omitted by W. B. Act 32 of 1955.]
(b)meeting the cost of acquiring land for carrying out any of the purposes of this Act;
(c)meeting the cost of constructing buildings required for carrying out any of the purposes of this Act;
(d)the repayment of loans from money borrowed in pursuance of section 89, clause (6);
(e)making payments in pursuance of section 149, otherwise than for interest of for expenses of maintenance or working;
(f)making, or contributing towards the cost of making, surveys, in pursuance of section 167;
(g)meeting such proportion of the cost of management as the Board may, with the sanction of the [State Government] [Words substituted by the Adaptation of Laws Order, 1950.], prescribe in this behalf; and
(h)temporarily making good the deficit (if any) in the revenue account at the end of any financial year.