Fixation of limit upto which State may give guarantees.

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)