Performance Guarantee

(1) In the interest of development of infrastructure project the Government may continue to give performance guarantee to all such sectors.

1. (2) The Government shall place before both the Houses of the State Legislature a comprehensive report on the liabilities ( in rupees) that the State may incur in future, if the State fails to meet the contractual obligation stated in the performance guarantee.
2. (3) The report referred to in sub-section (2) shall be placed within six months of the date of giving performance guarantee.
   • • * * * %ºÉâ³kâ}ê ÏêªgâÔâ³pâ°, ¬}Öªdâ: 5}ê© m³}Ò 1999 (ÉâªfêX: AE 3 ApÒUÈÒ 99) dâ}ÖËrdâ ÉâdÖËî fÖyâîgâÔâ Àê°©¶}â Æ°» %º¾Ìâ°Àâ°, 1999 (1999pâ dâ}ÖËrdâ %º¾Ìâ°Àâ° ÉâªfêX 11)pâ ~âZdâpâx 1pâ I~â ~âZdâpâx (2) pâ¶[ ~âZ{âyâKÀÖ{â %ºdÖpâÀâ}â°Q kâÈÖΰû dâ}ÖËrdâ ÉâdÖËpâ{â 29.04.1999 ¬}Öªdâ{âª{â° Éâ{âî %º¾Ìâ°Àâ°{â UÈÖ[ I~ⱪ|âgâÔâ° uÖîÌâ°¶[ ±pâyâdâ"{â°M Uª{â° o Àâ°³·dâ gê³yâ°K~âÚÉâ°yâK{ê. dâ}ÖËrdâ pÖmX~Ö·pâ A{ê©μÖ}â°ÉÖpâ Àâ°yâ°K %Àâpâ ÝêÉâî}â¶[, U}Ò.UÉÒ. }ÖgâpÖm}Ò Æμê©ÍÖºdÖî, A¼Ëdâ EÈÖfê, ÚYÊUª d곩μâ THE KARNATAKA CEILING ON GOVERNMENT GUARANTEES ACT, 1999 has been amended by the following Acts, namely.- Amendments (Chronological) Sl. No. Act No. and Year Sections Amended Remarks 1 11 of 1999 - The Act has come into force from 29.4.1999 vide notification No. FD 3 RLG 99 dated 5.6.1999. 2. 15 of 2002 5(1) w.e.f.1.4.2001 Amendments (Section-wise) Sections No and Year of the Act Remarks 5(1) 15 of 2002 w.e.f.1.4.2001 (The above translation of the dâ}ÖËrdâ ÉâdÖËî fÖyâîgâÔâ Àê°©¶}â Æ°» %º¾Ìâ°Àâ°, 1999 ( 1999pâ dâ}ÖËrdâ

%º¾Ìâ°Àâ° ÉâªfêX 11) was published in the official Gazette (Extraordinary) Part IV-2B dated

17th day of June 1999 as No. 660 under clause (3) of Article 348 of the Constitution of India.)

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