Amendment status not verified — confirm the current text below against the official source.
Development Fund and the items to be credited to such fund.- (1) The rents, profits, and sale proceeds of all lands, buildings and other property vested or vesting in or acquired by the Authority under this Act shall be credited to a fund to be called “the Bangalore Development Fund.” 1976: KAR. ACT 12] Bangalore Development Authority 139 (2) There shall also be credited to the said Fund,- (a) any amount borrowed under section 39; 1[(aa) the property tax levied and collected under section 28B; ]1