State Act
4
Section 4. Object and administration of the Fund.
The Punjab Municipal Infrastructure Development Fund Act, 2011
Act no. 11 of 20112011In forcePunjab (State Act)
4. (1) The Fund shall be utilized to raise resources for infrastructure development projects from the Nationalized or Scheduled Banks or financial institutions 3[or State Government Undertakings] for providing financial assistance to the Municipalities for the development of infrastructure development projects. (2) The fund shall be administered by the Director in the manner, as may be prescribed.