Vidhi Codex

Bare Act

The Goa (Regulation of House Building Advance) Act, 2021

General202110 sections

This Act regulates house building advances for government servants in Goa by cancelling the existing scheme. It requires beneficiaries to pay interest at the prevailing bank rate and shifts the loan administration to the Bank of India or HDFC. Government servants can transfer their accounts to other banks within one year, but the state government is no longer responsible for payments or compensation related to the scheme. Pending applications are rejected, and the government reserves the right to resume the scheme in the future through official notification.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and commencement.
  3. 2. Definitions.
  4. 3. Government of Goa.
  5. 4. Effect of the Abolition.
  6. 5. Protection of action taken pursuant to circular.
  7. 6. Resumption of the House Building Advance Scheme.
  8. 7. Bar on institution of legal proceedings.
  9. 8. Power to remove difficulties.
  10. 9. Repeal and saving.

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