# The Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008), Section 117

- Act: The Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008) (Act 4 of 2008)
- Source URL: https://indiacode.ecourtsindia.com/arunachal-pradesh-municipal-act-2oo7-act-no-4/section/117/

## Text

Every loan raised by the Municipality under section 109 shall be repaid within the rime approved under that section and such repayment shall be made either from a Sinking Fund established under section 112 in respect of such loan or partly from such Sinking fund and, to the extent or which such Sinking Fund falls short of the sum required for the repayment of such loan, partly from the loan raised for the purpose under section 109, as may be approved by the State Government. Power to discontinue payment towards Sinking Fund. Investment of amount at the credit of Sinking Fund. Power of Municipality to reserve a portion of debentures, issued for raising loan, for investment. Manner of Repayment of loans.

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