GTPUDA 92 — Power of authority to borrow money.

Gujarat Town Planning & Urban Dev., 1976

Statutory text

An appropriate authority may, from time to time, borrow at such rate of interest and for such period and upon such terms, as the State Government may approve, any sum of money necessary for the purpose of—
(a) meeting expenditure debitable to the capital amount;
(b) repaying any loan previously taken under this Act.

Back to GTPUDA