THE HIMACHAL PRADESH PUBLIC MONEYS (RECOVERY OF DUES) ACT, 2000
The Himachal Pradesh Public Moneys (Recovery Of Dues) Act, 2000
This Act regulates the recovery of unpaid public funds, such as government loans, scholarship grants, and agricultural or industrial subsidies, in Himachal Pradesh. It applies to individuals, guarantors, and businesses who default on financial agreements with the state government, banks, or public corporations. The law matters because it bypasses lengthy, expensive court battles, enabling authorities to collect outstanding debts rapidly as if they were unpaid land revenue taxes. By authorizing the local district Collector to seize and sell assets to reclaim public money, this legislation ensures that state assistance programs remain financially secure, viable, and protected against default or abuse.
- 0. Preamble
- 1. Short title, extent and commencement
- 2. Definitions.- In this Act, unless the context otherwise requires,(a) “Banking Company” means,-
- 3. Recovery of certain dues as arrears of land revenue
- 4. Collection charges.- A Banking Company, a Corporation or a
- 5. Repeal and Savings.- (1) The Himachal Pradesh Public Moneys
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