Amendment status not verified — confirm the current text below against the official source.
In the principal Act, in section 4, in sub-section (3), - (i) for the existing clause (v), the following shall be substituted, namely; - Amendment of “(v) reduce fiscal deficit to 3.5% of the estimated Gross State Domestic section 4 Product within a period of five financial years beginning on the 1st day of April, 2005 and ending on the 3151 day of March, 2010;”; (ii) for the existing clause (viii), the following shall be substituted, namely : - Assam Act XXVII of 2005 “(viii) State Government guarantee for the loans contracted by Public Sector . Undertakings, Boards, Companies, Corporations, Cooperative Societies or Autonomous organizations under the State Government, shall be restricted at any point of time to fifty percent of State’s own tax and non-tax revenue of the second preceding year, as reflected in the books of accounts as maintained by the Accountant General and this limit is fixed as per Article 293 (1) of the Constitution of India;”. MOHD. A. HAQUE, Secretary to the Government of Assam, Legislative Department, Dispur. GUWAHATI - Printed and published by the Dy. Director (P&S) Directorate of Ptg. and Sty., Assam Guwahati-21 (Ex-Gazette) No. 515-500+600-28-8-2009. *