Amendment status not verified — confirm the current text below against the official source.
Appltcation of capital account.-The moneys credited to the capital account shall be held by the Board in tt ust, and shall be applied to- (a) meetmg all costs of framing and executing improvement iCheme~; (b) meeting the cost of acqumng land for carry111g out any of the purpo~es of this Act, (c) meeting the cost of constructing building~ required for carrying out any of the purposes of th1s Act; (d) the repayment of loans from money borrowed in pursuance of thi.J Act, (e) making payments in pursuance of section 14 G, othrrw~e than for interest or for expenses of maintenance or working; (f) making, or contributing towards the cost of surveys m pw'Suuncc of section 163; 34/4095 • • 50 (g) meeting such proportiOn of the cost of management as may be prescribed by the Board; (h) temporarily making good the deficit (1fany) in the revenue account at the end of any financial year.