section 19
Power to borrow
The Andhra Pradesh Rashtra Karshaka Parishad and Allied Bodies Act, 1988General198743 sections6 chapters
Chapter V MISCELLANEOUS
Statutory text
- (1) Any body constituted under this Act may, with the previous sanction of the competent Authority raise resources required for carrying out the purposes for which it is constituted on security of any property belonging to it or on any fees leviable by it under this Act. Any such authority may for the purposes of meeting the initial expenditure on lands, buildings and equipment obtain a loan from the Government.
- (2) The conditions under which such resources or loans shall be raised and the time within which the same shall be repayable shall be such as may be specified by the Competent authority.
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