Amendment status not verified — confirm the current text below against the official source.
(1) As a part O'fthe Assam State Capital Region Development Fund the Authority Fund shall establish ir1 district Bank accounts a Loans Fund for the purposes of (a) receiving all monies borrowed by ft 1ncluding all repayments of loan Instalments together Witt-' payment of lnterest made by the borrower on loan, (l>) providing all moneys to be made available by the borrower on Joans or advances to local authorities and other authorities or persons , ( c) repayment ~f loans raised by the Authority for the purpose of this Act, and (d) expenditure on projects and schemes. Appllc.n&n o! l'unc!I,- (2) AJ.i matters connected with the Loans Fund shall be governed by the regulations made In thts behalf.