Section 103Contributions from Corporation or Paurashava Fund

s. 103

103. Contributions from Corporation or Paurashava Fund [(1) The Corporation or Paurashava shall pay from the Corporation or Paurashava Fund to the Kartripakkha on the first day of each quarter a sum equivalent to one-half per cent per quarter on the annual value of buildings and lands determined under the provisions of the Dacca Municipal Corporation Act, 1974 (LVI of 1974), or the Paurashava Ordinance, 1977 (XXVI of 1977), as it stood on the first day of the last preceding quarter. (2) The Corporation or Paurashava contributions prescribed by sub-section (1) shall be expenditure charged on the Corporation or Paurashava Fund.]

1. 56. Section 103 was substituted by section 30 of the Town Improvement (Amendment) Act, 1987 (Act No. XXIX of 1987)