(1) If the bond submitted to the relevant local body is not deposited in the fund according to rule 175 or is not confiscated according to rule 176, the related person will get back the bond amount.
(2) According to sub-rule (1), if the time limit for the return of the bond amount has been fixed for the person who is entitled to refund the bond amount, within the same period and if the deadline has not been fixed, the income receipt to the local authority within one year from the date of the final completion of the work for which the bond has been kept. You will have to submit an application. But in the case of the amount collected and deposited as a bond by the local body, it is not necessary to submit the income receipt.
(3) If the bond is not withdrawn within the time limit as per sub-rule (2), the authorized officer shall deposit the income in the treasury of the local body by adopting the procedure as per rule 178.