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Section 22: Guarantee of loans

The Bangalore Water Supply and Sewerage Act, 1964State Act of Karnataka · Act 36 of 1964

The State Government may guarantee in such manner as it thinks fit the payment of the principal and interest of any loan proposed to be raised by the Board or of either the principal or the interest:

Provided that the State Government shall, so long as any such guarantees are in force, lay before both Houses of the State Legislature in every year during the budget session a statement of the guarantees, if any, given during the current financial year of the State, and an up-to-date account of the total sums, if any, which have been paid out of State revenues by reason of any such guarantees or paid into State revenue towards repayment of any money so paid out.

1[23. x x x]1

1. Omitted by Act 6 of 1966 w.e.f. 17.3.1966.

Where this provision sits

ActThe Bangalore Water Supply and Sewerage Act, 1964
Section22
Marginal noteGuarantee of loans
JurisdictionState of Karnataka
StatusIn force as published by the source

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