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Section 48A: Borrowing upon the security of the Consolidated Fund of the Union territory.

The Government of Union Territories Act, 1963Central Act · Act 20 of 1963

[48A. Borrowing upon the security of the Consolidated Fund of the Union Territory.--(1) The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of the Union territory within such limits, if any, as may, from time to time, be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed:

Provided that the powers exercisable by the Government of India under this sub-section shall also be exercisable by the Administrator subject to such conditions, if any, as the Government of India may think fit to impose.

(2) Any sums required for the purpose of invoking a guarantee shall be charged on the Consolidated Fund of the Union territory.]

Where this provision sits

ActThe Government of Union Territories Act, 1963
Section48A
Marginal noteBorrowing upon the security of the Consolidated Fund of the Union territory.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 38 of 2001. . Ins. by Act 38 of 2001, s. 5 (w.e.f. 10-5-2006).

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