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Section 26U: Priorities of liabilities of the Board

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

The revenues of the Board shall, after meeting its expenses, be applied, as far as they are available, in the following order, namely —

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

(ii) the repayment of principal amount of and interest on bonds not guaranteed by the State Government ;

(iii) the repayment of principal amount of and interest on bonds guaranteed by the State Government ;

(iv) the repayment of principal amount of and interest on stock so guaranteed ;

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

(vi) the repayment of principal amount of and interest on loans advanced to the Board by the State Government including arrears of such interest.

Where this provision sits

ActUttar Pradesh Krishi Utpadan Mandi Adhiniyam, 1964
Section26U
Marginal notePriorities of liabilities of the Board
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

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