Section 137Application of capital account

s. 137

137. Application of capital account The moneys credited to the capital account shall be held by the Kartripakkha in trust, and shall be applied to- (a) meeting all costs of framing and executing improvement schemes and re-housing schemes; (b) meeting the cost of acquiring land for carrying out any of the purposes of this Act; (c) meeting the cost of constructing buildings required for carrying out any of the purposes of this Act; (d) the repayment of loans from money borrowed in pursuance of clause (b) of section 104; (e) making payments in pursuance of section 163 otherwise than for interest or for expenses of maintenance or working; (f) making or contributing towards the cost of making, surveys, in pursuance of section 180; (g) meeting such proportion of the cost of management as the Kartripakkha may, with the sanction of the Government, prescribe in this behalf; and (h) temporarily making good the deficit (if any) in the revenue account at the end of any financial year.