THE JAMMU AND KASHMIR MUNICIPAL ACT, 2000
Section 52. Constitution of municipal fund.
There shall be formed for each municipality a municipal fund, and this shall be placed to the credit thereof___
(a) all sums received by, or on behalf of, the municipality under this Act or otherwise ; and
(b) the balance, if any, standing at the credit of the municipal fund of the municipal area at the commencement of this Act.
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