State Act
60
Section 60. Repayment of loans
THE UTTAR PRADESH AVAS EVAM VIKAS PARISHAD ADHINIYAM, 1965
Act no. 1 of 19661966In forceUttarakhand (State Act)
60- (1) The Board shall, for the purpose of repayment or any loan raised by it, establish a sinking fund in such manner as may be prescribed. (2) Every such sinking fund shall be maintained, invested and applied in such manner as may be prescribed. (3) The Board may, and if so directed by the State Government shall, create a trust in the prescribed manner for investment of a sinking fund and for re-payment of the loan for which such fund was established.