State Act
38
Section 38. Establishment and maintenance of sinking and other funds.
THE KARNATAKA URBAN WATER SUPPLY AND DRAINAGE BOARD ACT, 1973
Act no. 25 of 19741974In forceKarnataka (State Act)
38. Establishment and maintenance of sinking and other funds.-The Board may constitute a sinking fund, a depreciation reserve fund and a development fund in such manner and in such form as may be prescribed by regulations. Such funds shall be invested in such manner as may be determined by the Board with the approval of the Government.