Amendment status not verified — confirm the current text below against the official source.
(1) The Commissioner shall, at the end of each year, prepare a statement showing— (a) the amount which has been invested during the year under section 77, (b) the date of the last investment made during the year, (c) the aggregate amount of securities in the hands of the Corporation, and (d) the aggregate amount which has, up to the date of the statement, been applied for the purpose of repayment of loan under section 78. (2) Every such statement shall be laid before a meeting of the Corporation and shall be published in the Official Gazette. PART THE KOLKATA GAZE11E, EXTRAORDINARY, MAY 29, 2008 51 The West Bengal Municipal Corporation Act, 2006. Part 111.—Finance.—Chapter V1L—Municipal Fund, Budget, Loans, Accounts and Audit.—Sections 80, 81.) Annual examina- tion of Sinking Fund. Power of Corporation to borrow money from State Government.