State Act
149
Section 149. Limit to encumbrances through future debt.
Act no. 7 of 20122012In forceJharkhand (State Act)
149. Limit to encumbrances through future debt.- If and when required, the municipality may, for the purpose of issuing Municipal Bonds, limit its future debt encumbrances by adoption of suitable debt service coverage ratio as a minimum ratio in relation to its future cash flow projections.