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Fixation of limit upto which State may give guarantees.— (1) The limit upto which the executive power of the State Government shall extend to the giving of guarantees (including guarantees given before the commencement of this Act) as provided in clause (1) of Article 293 of the Constitution of India, shall be the sum of 1[Rs. 1500.00 crores]. (2) The State Government shall lay before the State Legislature,— 2[(a) a Statement of any guarantee given not later than six months from the close of each financial year; and]; (b) 3[within six months after the close of any financial year] in which any guarantees so given are in force, an account of the total sums, if any, which during that year have been either issued out of the Consolidated Fund of the State or paid in or towards repayment of any sum so issued. Secretariat Annexe, Panaji, Dated: 3-9-1993. B. S. SUBBANNA, Secretary to the Government of Goa, Law Department (Legal Affairs) _____________________________________________________________________________ 1.Substituted Rs. 200 crores in place of “Rs. 40.00 crores” vide Amendment Act 15 of 1998, further vide Amendment Act 14 of 2001 amount has been substituted Rs. 350 crores, vide Amendment Act 59 of 2001 Rs. 550 crores, vide amendment Act No. 11 of 2003 Rs. 700.00 crores and Amendment Act 7 of 2005 Rs. 800.00 crores and Amendment Act 15 of 2015 Rs.1500.00 crores. 2.Substituted vide Amendment Act 15 of 1998.