State Act
465
Section 465. Power of Commissioner to agree to receive payment of expenses in instalments.
THE KARNATAKA MUNICIPAL CORPORATIONS ACT, 1976.
Act no. 14 of 19771977In forceKarnataka (State Act)
465. Power of Commissioner to agree to receive payment of expenses in instalments.- Instead of recovering any such expenses as aforesaid in the manner provided under section 470, the Commissioner may, if he thinks fit and with the approval of the standing committee take an agreement from the person liable for the payment thereof, to pay the same in instalments of such amounts and at such intervals as will secure the payment of the whole amount due, with interest thereon at the rate of nine per cent per annum, within a period of not more than five years.