Notwithstanding anything contained in this Chapter, the Municipality may, within the limits set by the comprehensive debt limitation policy framed under Section 141 from time to time, take a short-term loan repayable within such period, not exceeding twelve months, from any other scheduled bank, for such purpose, not being a purpose referred to in sub-Section (1) of Section 142, on such terms, and on furnishing such security for the repayment of such loan, as may be approved by the State Government.
Section 144: Power of Municipality to raise short-term loan
Rajasthan Municipalities Act, 2009State Rules of Rajasthan · 2009
Where this provision sits
| Act | Rajasthan Municipalities Act, 2009 |
|---|---|
| Section | 144 |
| Marginal note | Power of Municipality to raise short-term loan |
| Jurisdiction | State of Rajasthan |
| Status | In force as published by the source |
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