Bare Act

The Goa State Guarantees Act, 1993

This law sets a specific monetary cap on how much money the Goa government can guarantee on behalf of other entities. It applies to the State Government of Goa, ensuring that its executive power to provide financial backing is restricted to a fixed amount. By doing this, the Act promotes financial discipline and transparency, requiring the government to report these guarantees to the state legislature regularly. This prevents the state from incurring excessive debt obligations and protects public funds by keeping state borrowing within controlled limits.

PDF: pending for this language.