Section 2
Definition
Unless subject or context otherwise requires; in this Act;
(a) “Fund” means Town Development Fund established pursuant to Section 3.
(b) “Basic social services” means street, road, electricity, bridge, drinking water, drainage, collection of garbage, public toilet, public library, school and similar other constructions to be made for public use and various services to be delivered for the interest of resident of town
(c) “Income oriented project” means public market, trade centre, bus terminal, slaughter house, godown and similar other income oriented project.
(d) “Body related with development of town ” means the following institution which carries out functions related to land development as well as distribution thereof and basic social service and income
oriented project in order to construct and develop towns.
(1) Government or non-government organization established pursuant to the prevailing law.
(2) Town development committee, metropolitan city, sub- metropolitan city or municipality constituted pursuant to the prevailing law.
(3) Village prescribed by the Fund on the basis of population and development from among the villages prescribed pursuant to prevailing law citing as town oriented village.
(e) “Town” means metropolitan city, sub-metropolitan city, municipality and town oriented village.
(f) “Loan” means credit to be provided as per the terms and conditions fixed by the Fund whether accepting or without accepting collateral or mortgage or other necessary deposit or guarantee of any movable and immovable property.
(g) “Debtor” means body related with town development which takes loan from the Fund.
(h) “Debenture” means bond issued by the Fund whether putting or without putting the property of the Fund as security.
(i) “Board” means Board of directors constituted pursuant to section 14.
(j) “Chairperson” means the chairperson of the Board.
(k) “Member” means member of the Board and this term also includes chairperson and Member-Secretary thereof.
(l) “Executive director” means executive director of the Fund appointed pursuant to Section 18.
(m) “Prescribed” or as “prescribed” means prescribed or as prescribed in the Rules and Bye-laws made under this Act.
(a) “Fund” means Town Development Fund established pursuant to Section 3.
(b) “Basic social services” means street, road, electricity, bridge, drinking water, drainage, collection of garbage, public toilet, public library, school and similar other constructions to be made for public use and various services to be delivered for the interest of resident of town
(c) “Income oriented project” means public market, trade centre, bus terminal, slaughter house, godown and similar other income oriented project.
(d) “Body related with development of town ” means the following institution which carries out functions related to land development as well as distribution thereof and basic social service and income
oriented project in order to construct and develop towns.
(1) Government or non-government organization established pursuant to the prevailing law.
(2) Town development committee, metropolitan city, sub- metropolitan city or municipality constituted pursuant to the prevailing law.
(3) Village prescribed by the Fund on the basis of population and development from among the villages prescribed pursuant to prevailing law citing as town oriented village.
(e) “Town” means metropolitan city, sub-metropolitan city, municipality and town oriented village.
(f) “Loan” means credit to be provided as per the terms and conditions fixed by the Fund whether accepting or without accepting collateral or mortgage or other necessary deposit or guarantee of any movable and immovable property.
(g) “Debtor” means body related with town development which takes loan from the Fund.
(h) “Debenture” means bond issued by the Fund whether putting or without putting the property of the Fund as security.
(i) “Board” means Board of directors constituted pursuant to section 14.
(j) “Chairperson” means the chairperson of the Board.
(k) “Member” means member of the Board and this term also includes chairperson and Member-Secretary thereof.
(l) “Executive director” means executive director of the Fund appointed pursuant to Section 18.
(m) “Prescribed” or as “prescribed” means prescribed or as prescribed in the Rules and Bye-laws made under this Act.