Amendment status not verified — confirm the current text below against the official source.
The time for the repayment of any money borrowed under section 150 repayment of shall in no case exceed sixty years and the time for repayment of any money money borrowed under section 150. borrowed for the purpose of discharging any previous loan shall not, except with 1994 : Hr. Act 16] MUNICIPAL CORPORATION the express sanction of the Government extend beyond the unexpired portion of the period for which such previous loan was sanctioned.