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Section 9

Reserve fund

of Land Development Act 1956

ActIn forceProvision 9 of 69
Section 9
(1)

The Authority shall establish a reserve fund.

(2)

The management of the reserve fund, the sums to be paid from time to time to the credit thereof and the application thereof shall be as the Authority may determine:

Provided that no part of the reserve fund shall be applied otherwise than for the purposes of the Authority.

Read in full context — Land Development Act 1956 →