Amendment status not verified — confirm the current text below against the official source.
(1) Whencvcr the Slate Government has approvcd [he rcpaymcnL of a loan from a sinking fund the Board shall establish such n fund and shall pay into it in cvery year, unrjl rhe loan is rcpaid, a sum so calculated that, if regularly paid lhroughout [he period approved by Ihe Slate Govemnent under sccuon 98, it would, w i h accumuladons in the way of compound inlecesl be sufficienr, h e r payment OF all expcnscs, to pay off [he loan at the cnd of thar pcriod. (2) Thc ralc of intercsl on [he bais of which the sum rcferred lo in sub-scction ( I ) shall be calculated shall be such as may be prescribed by rhc State Government.