Amendment status not verified — confirm the current text below against the official source.
(1) There shall be a Municipal Fund held by the Corporation in trust Ibr the purposes of this Act and all moneys realised or realisable under this Act and all moneys otherwise received by the Corporation shall be credited to this fund. (2) The Municipal Fund shall be maintained in the following four accounts, namely:— (a) the Water-supply, Sewerage and Drainage Account, (b) the Road Development and Maintenance Account, (c) the Bus= Services Account, and (d) the General Account. (3) All moneys payable to the Municipal Fund in the different accounts referred to in sub-section (2) shall forthwith be paid into the State Bank of India or in any other bank approved by the State Government in this behalf, to the credit of the accounts which shall respectively be styled as— (a) the Water-supply, Sewerage and Drainage Account of the Municipal Fund of the Asansol Municipal Corporation, (b) the Road Development and Maintenance Account of the Municipal Fund of the Asansol Municipal Corporation, (c) the Bustce Services Accounts of the Municipal Fund of the Asansol Municipal Corporation, and (d) the General Account of the Municipal Fund of the Asansol Municipal Corporation. 420 The Asansol Municipal Corporation Act, 1990. XXXI of 1990.1 (Part 111.—Finance.--Chapter VB.—The Municipal Fund, Budget, Loans, Accounts and Audit.—Sections 56-60.)