(1) It is the prerogative of the Government to undertake guarantee for any project/s of the Municipality. In such cases and if considered, the principle of, and interest on the loans floated by a Municipality, subject to fulfillment of the conditions, certification of financial robustness, and ceiling of maximum limit, as may be fixed by the Government, shall carry the guarantee of the Government.
(2) The Government may increase the maximum amount of guarantee given.
(3) The Government may, after consulting the Municipality,-
(a) by notification, and
(b) by notice, of not less than 14 days, discontinue any guarantee given by them or restrict the maximum amount thereof or modify the conditions subject to which it is given, with effect from a specified date not being earlier than six months from the date of publication of the notification in the Telangana Gazette:
Provided that in cases where the maximum amount of the guarantee is to be restricted or the conditions subject to which the guarantee is given are to be modified, the notification and notice aforesaid shall set forth with sufficient clarity the scope and effect of the restriction or modifications.
113. Notwithstanding anything in the Local Authorities Loans Act, 1914, or any other law similar thereto for the time being in force, the Government shall be entitled to recover in the manner provided by sub-section (2) of section 74 of this Act or by suit, any loan or advance made to any Council for any purpose to which the funds of the said Council may be applied under this Act.
[Act No. 11 of 2019] 97 113-A. (1) There shall be constituted a Finance Commission once in every five years by the Governor on the recommendation made by the Government. The Finance Commission constituted prior to the commencement of this Act shall be deemed to have been constituted under this Act and shall be governed by the provisions of this Act.
(2) The Finance Commission shall consist of a Chairman and four other members of whom one shall be the Member Secretary. The Governor shall by order appoint on the recommendation of the Government the Chairman and other members of the Commission.
(3) The Government shall make available to the Finance Commission such staff as may be necessary for the discharge of the functions conferred on the Finance Commission.
(4) The Chairman of the Commission shall be selected from among persons who have had experience in public affairs and other members shall be selected from among persons who,-
(a) have special knowledge of the finances and accounts of Government; or
(b) have had wide experience in financial matters and in administration; or
(c) have special knowledge of economics.
(5) The qualification, disqualification of members, term of members, functions of the Commission, powers of the Commission shall be such as may be prescribed.
Constitution of Finance Commission.
98 [Act No. 11 of 2019] Vesting of powers.
Water Audit.
Powers of the State Government in water supply.
CHAPTER IV STATUTORY FUNCTIONS AND RESPONSIBILITIES OF THE MUNICIPALITY WATER SUPPLY
114. All the existing sources of potable drinking water supply in any form including tanks, water reservoirs, cisterns, pipelines, wells and all other such facilities in the municipality, existing at the commencement of this Act and added subsequently, shall vest in the Municipality.
115. The Municipality shall,-
(a) conduct water Audit within its jurisdiction, and make all efforts to reduce the non-revenue water (NRW) to its minimum, and may further, initiate necessary steps to rationalize usage of drinking water by ensuring the availability of re-cycled water for non-potable purposes such as horticulture, construction activity and other such activities as may be prescribed;
(b) maintain complete survey maps, drawings and descriptions of water-supply mains, supply-pipes and connections thereto, from all premises in the municipal area along with inventory details and improvements carried out during the year.