Amendment status not verified — confirm the current text below against the official source.
If al any lime the sum standing at the credit of a Sinking Fund established under suh-scclion {)) of seciion 145 for the repayment of any loan is of such amount thai if allowed to accumulate at the rate of interest prescribed under sub-section (2) of that seciion, il will be sufficient to pay off itie loan wiihin lhe period approved by the Stale Government under the proviso lo sub-section (1) of scclion 134, further payments towards such fund may. with lite approval of the Stale Government, be discontinued. LIX of 1980.] The Kolkaia Municipal Corporaiion Acl, 1980. 643 iiivcmini'm Of itlL' □miniill ai lhe credit of i Sinking Fund. (Pan fit.—Finance.—Chapter X.—Loans.— Sccl ions 147, 148.)