State Act
24B
Section 24B. Payment of interest to Government.
THE BANGALORE WATER SUPPLY AND SEWERAGE ACT, 1964
Act no. 36 of 19641964In forceKarnataka (State Act)
24B. Payment of interest to Government.—In respect of assets of the Government which vest in the Board by virtue of the provisions of this Act, the Board shall pay interest on the cost of such assets at such rate as may, from time to time, be fixed by the Government in consultation with the Board and such interest shall be deemed to be a part of the expenditure of the Board.]1