The Goa State Guarantees Act, 1993

–1– GOVERNMENT OF GOA Law (Legal and Legislative Affairs) Department ______ Notification 7-15-93/LA The Goa State Guarantees Act, 1993 (Goa Act 16 of 1993) which has been passed by the Legislative Assembly of Goa on 12-7-1993 and assented to by the Governor of Goa on 24-8- 1993 is hereby published for the general information of the public. P. V. Kadnekar, Under Secretary (Drafting). Panaji, 3rd September, 1993. ______ The Goa State Guarantees Act, 1993

(Goa Act No. 16 of 1993) [24-8-1993]

AN ACT to fix a limit upto which the executive power of the State of Goa shall extend to the giving of guarantees. Be it enacted by the Legislative Assembly of Goa in the Forty-fourth Year of the Republic of India as follows:—

1. (1) This Act may be called the Goa State Guarantees Act, 1993.
2. (2) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint.

In this Act, unless the context otherwise requires,—

1. (a) ‘Official Gazette’ means the Official Gazette of the State Government;
2. (b) ‘State Government’ means the Government of Goa. –2–

1. (1) The limit upto which the executive power of the State Government shall extend to the giving of guarantees (including guarantees given before the commencement of this Act) as provided in clause (1) of Article 293 of the Constitution of India, shall be the sum of 1[Rs. 1500.00 crores].
2. (2) The State Government shall lay before the State Legislature,— 2[(a) a Statement of any guarantee given not later than six months from the close of each financial year; and]; (b) 3[within six months after the close of any financial year] in which any guarantees so given are in force, an account of the total sums, if any, which during that year have been either issued out of the Consolidated Fund of the State or paid in or towards repayment of any sum so issued. Secretariat Annexe, Panaji, Dated: 3-9-1993. B. S. SUBBANNA, Secretary to the Government of Goa, Law Department (Legal Affairs) _____________________________________________________________________________ Amendment Act 14 of 2001 amount has been substituted Rs. 350 crores, vide Amendment Act 59 of 2001 Rs. 550

¹ Substituted Rs. 200 crores in place of “Rs. 40.00 crores” vide Amendment Act 15 of 1998, further vide

crores, vide amendment Act No. 11 of 2003 Rs. 700.00 crores and Amendment Act 7 of 2005 Rs. 800.00 crores

² Substituted vide Amendment Act 15 of 1998.

³ Substituted vide Amendment Act 15 of 1998.

and Amendment Act 15 of 2015 Rs.1500.00 crores.

–3– GOVERNMENT OF GOA Department of Finance Revenue & Expenditure Division ______ Notification 1-28-97/Fin(Bud) In exercise of the powers conferred by sub-section (2) of section 1 of the Goa State Guarantees Act, 1993 (Goa Act 16 of 1993) (hereinafter called the ‘said Act’), the Government of Goa hereby appoints the 30 th day of April 1998, as the date on which the provisions of the said Act shall come into force. By order and in the name of the Governor of Goa. S. V. Madkaikar, Under Secretary (Fin-Exp.) Panaji, 29 th April, 1998. (Published in the Official Gazette, (Extraordinary) Series I No. 2 dated 19-4-1988) ______ GOVERNMENT OF GOA Department of Finance Revenue & Expenditure Division ______ Notification 1-28-97/Fin(Bud) In exercise of the powers conferred by sub-section (2) of section 1 of the Goa State Guarantees Act, 1993 (Goa Act 16 of 1993) (hereinafter called the ‘said Act’), the Government of Goa hereby appoints the 1 ST DAY OF May, 1998, as the date on which the provisions of the said Act shall come into force. By order and in the name of the Governor of Goa. S. V. Madkaikar, Under Secretary (Fin-Exp.) Panaji, 29 th April, 1998. (Published in the Official Gazette, (Extraordinary) Series I No. 2 dated 19-4-1988)