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The Khulna Development Authority Ordinance, 1961 (East Pakistan Ordinance)

( Ordinance NO. II OF 1961 )

Chapter V



Credit to capital account
60. There shall be credited to the capital account-
(a) such proportion of grants by Government under clause (b) of sub section (2) of section 46, as may be fixed by the Government from time to time;
(b) loans obtained from Government;
(c) loans obtained by the Authority with special or general sanction of the Government;
(d) foreign aid and loans obtained from the Development Loan Fund;
(e) the proceeds of the sale of any land vested in the Authority which was purchased out of any loan;
(f) the proceeds of the sale of any movable property (including securities for money invested from the capital account) belonging to the Authority;
(g) any other sum which the Government may direct to be credited to the capital account.

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