State Act
123
Section 123. Application of funds and property accruing to Government under section 121 or 122
UTTAR PRADESH MUNICIPALITIES ACT, 1916
In forceUttar Pradesh (State Act)
123. Any municipal fund or portion of a municipal fund or other property of a Municipality accruing under the provisions of section 121 or 122 to 1[by the State Government], shall be applied in the first place to satisfy any liabilities of the Municipality transferred under such provisions to 2[the State Government], and secondly for the benefit of the inhabitants of the local area.