State Act
52
Section 52. Constitution of municipal fund.
THE JAMMU AND KASHMIR MUNICIPAL ACT, 2000
In forceJammu and Kashmir (State Act)
52. Constitution of municipal fund. There shall be formed for each municipality a municipal fund, and this shall be placed to the credit thereof___ (a) all sums received by, or on behalf of, the municipality under this Act or otherwise ; and (b) the balance, if any, standing at the credit of the municipal fund of the municipal area at the commencement of this Act.