Section 70: Borrowing upon the security of Consolidated Fund of Union territory of Jammu and Kashmir.

The Jammu and Kashmir Reorganisation Act, 2019Central Act · Act 34 of 2019

(1) The executive power of the Union territory extends to borrowing upon the security of the Consolidated Fund of the Union territory of Jammu and Kashmir within such limits, if any, as may, from time to time, be fixed by Legislative Assembly by law and to the giving of guarantees within such limits, if any, as may be so fixed.

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

Where this provision sits

Act	The Jammu and Kashmir Reorganisation Act, 2019
Section	70
Marginal note	Borrowing upon the security of Consolidated Fund of Union territory of Jammu and Kashmir.
Jurisdiction	Central
Status	In force as published by the source

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