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Section 36

The Faridabad Metropolitan Development Authority Act, 2018 (9 of 2019)State Act of Haryana · Act 9 of 2019

(1) The Authority may invest any portion of its funds in such investments, as may be specified by regulations.

(2) The Authority may, with the prior approval of the State Government, invest in establishment of joint venture companies and limited liability partnerships for infrastructure development and provision of urban amenities, mobility management, sustainable management of the urban environment and social, economic and industrial development in the notified area.

Power of Authority to invest.

37. All payments by the Authority on account of interest on loans or the repayment of loans shall be made on priority to all other dues of the Authority.

Priority of payment for interest and repayment of loans.

38. All properties, funds and other assets vesting in the Authority shall be held and applied by it for the purposes and subject to the provisions of this Act.

Application of Funds.

Where this provision sits

ActThe Faridabad Metropolitan Development Authority Act, 2018 (9 of 2019)
Section36
JurisdictionState of Haryana
StatusIn force as published by the source

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