Amendment status not verified — confirm the current text below against the official source.
Investment of surplus money(s): (1) Surplus money(s) standing at the credit of the Municipal Fund which cannot immediately or at an early date be applied for the purposes specified in section 91 shall be invested in the prescribed manner: Provided that adequate safeguards, as maybe prescribed shall be followed against the unproductive and speculative investments. 44 (2) The loss, if any, arising from such investments, shall be debited to the Municipal Fund.