Amendment status not verified — confirm the current text below against the official source.
(1) The Authority may, with the consent of the Central Borrowing Government or in accordance with the terms of any general or powers of the special authority given to it by the Central Government, borrow Authority money from any source by the issue of bonds, debentures or such other instruments as it may deem fit for discharging all or any of its functions under this Act. (2) Subject to such limits as the Central government may, from time to time, lay down, the Authority may borrow temporarily by way of overdraft or otherwise, such amounts as it may require for discharging its functions under this Act. (3) The Central government may guarantee in such manner As it thinks fit the repayment of the principal and the payment of Interest thon with respect to the borrowing made by the Authority Under sub-section (1).