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Section 19A: Priorities of liabilities of the Committees

Uttar Pradesh Krishi Utpadan Mandi Adhiniyam, 1964State Act of Uttar Pradesh · Act 25 of 1964

[The revenues of a Committee, shall, after meeting its operating, maintenance and management expenses, be applied as far as they are available in the following order, namely :—

(i) the repayment of principal amount of, and interest on, loans not guaranteed by the State Government ;

(ii) the repayment of principal amount of, and interest on, loans guaranteed by the State Government ;

(iii) the repayment of principal amount of, and interest on, sums paid by the State Government under guarantees, if any, by that Government ;

(iv) the repayment of principal amount of, and interest on loans taken from the State Government ;

(v) the balance remaining to be utilized for the education of fees payable to the Committee under this Act or for expenses incurred in the discharge of any of the functions of the Committee, as the Committee may think fit or the Board may direct.]

Where this provision sits

ActUttar Pradesh Krishi Utpadan Mandi Adhiniyam, 1964
Section19A
Marginal notePriorities of liabilities of the Committees
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted. .Ins. by sec. 11 ibid.

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