Amendment status not verified — confirm the current text below against the official source.
The State Government may from time to time advance loans to the Board on such terms and. conditions ·not inconsistent with the provisions of this Act as the State Government may determine. 48 THE ASSAM GAZETTE. EXTRAORDINARY. JAN. 9, 1987 Pewer o.f ·the Board to borrow and lend. ' 29. Sui?ject · to the prQvisions of this Act and the rules made thereun~er and· subject to such con- ditions as · may be specified by the Government by a general or special I order issued in this behalf, the Board may, from tir'ne to time, borrow money re- quired for the purposes of this Act in any one or more of the manners specified below, under Local Authorities Loans Act, . 1914 (Central Act IX of 1914)- . (ij raisi::g-of loans from Bank or other finan- . · cial institutions or the Life Insurance C•)r- poration established under Section 3 . of the Life Insurance Corporation Act, 1956 (Central Act 31 of 1956); or (ii) (iii) raising loans from any Corporation owned or controlled by the Centr-al cr .. Stafe Go- vernment ; or raising loans from the public by issue of bonds, or debentures or stocks or other- wise in the form and manner approved by the Government. Gua.rantee by the