Bare Act
The Goa Public Money (Recovery of Dues) Act, 1986
General19868 sections
This Act provides a legal mechanism for the Government of Goa and its financial institutions to recover outstanding debts owed by individuals, companies, and industrial concerns. It covers various types of financial assistance including loans, advances, grants, and guarantees. The key feature of the law is that it allows the government to treat these financial defaults as arrears of land revenue. This means that if someone fails to repay money they owe, the government can recover it through the land revenue collection process, which is generally faster and more enforceable than standard civil debt recovery procedures.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Recovery of dues as arrears of land revenue
- 4. Savings
- 5. Act not to debar recovery of dues in respect of financial assistance given by the bank to agriculturist
- 5A. Provisions of section 3 to apply for all past dues
- 6. Power to make rules
- 7. Suits in Civil Courts to abate
PDF: pending for this language.