Section 55: Floating Debt.

The Andhra Pradesh Reorganisation Act, 2014Central Act · Act 6 of 2014

All liabilities of the existing State of Andhra Pradesh in respect of any floating loan to provide short term finance to any local body, body corporate or other institution, shall be determined on the following basis, namely:––

(a) if, the purposes of the floating loan are, on and from the appointed day, exclusive purposes of either of the successor States, then, of that State;

(b) in any other case, it shall be divided on the basis of population ratio.

Where this provision sits

Act	The Andhra Pradesh Reorganisation Act, 2014
Section	55
Marginal note	Floating Debt.
Jurisdiction	Central
Status	In force as published by the source

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