# The Arunachal Pradesh Municipal Act, 2Oo7 (Act No.4 of 2008), Section 127

- 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/127/

## Text

The fund to be raised from the Municipal Bonds shall be used for capital investment for development of urban infrastructure in the spheres of water- supply, sewerage, solid waste management, markets, roads, bridges, and urban transport, and for reforming and improving the efficiency of existing systems of municipal administration and for repayment of loans for the aforesaid purposes raised through earlier issues of municipal bonds or otherwise. Issue of Municipal Bonds for development of urban infrastructure. Credit rating of Municipal Bonds. Pledging of Municipal assets as security for Municipal Bonds. Debt Service Reserve Fund. Limit to encumbrances through future debt. Use of proceeds From Municipal Bonds. MUNICIPAL REVENUE Chapter-XV Sources of internal Revenues

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