Section 250: Appropriation of revenue for sinking fund.

After the date specified in the particulars published pursuant to section 226 of this Act as the date from which contributions to the sinking fund for any loan shall commence, and with the approval of the appropriate authority, in each quarter or half year ending with the interest payment dates specified in the particulars the body shall appropriate out of its general revenue and assets and of the project or of the appropriate authority, a sum determined as the contribution to the sinking fund established for the purpose of redeeming the loan.