State Act
155
Section 155. Time for repayment of money borrowed under section 154.
THE KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976.
Act no. 14 of 19771977In forceKarnataka (State Act)
155. Time for repayment of money borrowed under section 154.- The time for the repayment of any money borrowed under section 154 shall in no case exceed sixty years, and the time for the repayment of any money borrowed for the purpose of discharging any previous loan shall not, except with the express sanction of the Government, extend beyond the unexpired portion of the period for which such previous loan was sanctioned.