Bare ActsThe KARNATAKA URBAN WATER SUPPLY AND DRAINAGE BOARD ACT, 1973

Section 38

Establishment and maintenance of sinking and other funds

Amendment status not verified — confirm the current text below against the official source.

Establishment and maintenance of sinking and other funds.-The Board may constitute a sinking fund, a depreciation reserve fund and a development fund in such manner and in such form as may be prescribed by regulations. Such funds shall be invested in such manner as may be determined by the Board with the approval of the Government.

Section 38 – The KARNATAKA URBAN WATER SUPPLY AND DRAINAGE BOARD ACT, 1973 | DailyLaw.ai