Section 51: Power of the Authority to borrow or advance money

The Punjab Regional and Town Planning and Development Act, 1995State Act of Punjab · Act 11 of 1995

(1) The Authority may, from time to time, borrow money by way of loans or debentures or bonds or such other financial instruments from such sources, other than the State Government, and on such terms and conditions as it may determine from time to time.

(2) The Authority may advance money for constructing buildings for residential, industrial or commercial purposes on such terms and conditions, as it may determine from time to time.

Where this provision sits

Act	The Punjab Regional and Town Planning and Development Act, 1995
Section	51
Marginal note	Power of the Authority to borrow or advance money
Jurisdiction	State of Punjab
Status	In force as published by the source

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