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The Town Improvement Act, 1953 (East Bengal Act)

Section 106Application of borrowed money

In forceChapter VI FINANCE

Chapter VI FINANCE

Loans

s. 106

106. Application of borrowed money When any sum of money has been borrowed under section 104 or section 105 for the purpose of meeting particular expenditure or repaying a particular loan, no portion thereof shall be applied to any other purpose without the previous sanction of the Government.

End of s. 106.

Read the contents: The Town Improvement Act, 1953 (East Bengal Act)