Bare ActsThe Jharkhand Municipal Act 2011

Section 149

Limit to encumbrances through future debt

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Limit to encumbrances through future debt.- If and when required, the municipality may, for the purpose of issuing Municipal Bonds, limit its future debt encumbrances by adoption of suitable debt service coverage ratio as a minimum ratio in relation to its future cash flow projections. >kj[k.M xtV ¼vlk/kkj.k½] o`gLifrokj 9 Qjojh] 2012 486