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CHAPTER I PRELIMINARY Short title, ex· (l) This Act may be called the Gujarat Infrastructure Development ttntand com- Act, 1999. , mencemeot. (2) It extends to the whole of the State of Gujarat. _(3) It shall be deemed to have come into force on the 28th April, 1999. IV-Ex. 13-J 13-1 • • ------~~---- ~-...-------------- -------- • •. _ .. - ------- - GUJARAT GOVERNMENT GAZETTE, EX., 5-10· 1999 [PART IV .,....,.._ J. ID 1his Act, unk:ss tbe C1111a:t u1bea witc 1equiies, (a) "Boald" mcam1hc0ujllatiafiutroctll1e Dewdc91•"' Boan! eslllbl.isbcd imda sectim 17; (b) "<> n iessirn asa.........m" means a contract of tbe oata:n: specified in Scl•ec!nle n betwem a deo<doper and die State &wanmeot. a GOYellllllCll1 agency or a . specified Go•eum:al lljlCllCy; tdatiDg to a projel:t; (c) "dewloper" means a perlOD widl whom coneessiaa agieemmt is em:ml Dito by 1he Stale Gavemmmt, a Oova:mnmt agency or a specified Gowrnmem agency; (d) "escrow aa:ouot" IJIC8llS a baok-ac:comit in which cash is dep+ wited or from wbid! cash is withdrawn in such-as spcci&d in1hemw: asiaaagim•enl, (e}. "GcMmmmt af/llllCJ"' means a €orpontioo or a body owacd or cootrolled by 1he S1atlc Gow:rmneot. or an auduity eltl!blished by or 1llJder any law aod ill"'"dcs a localaulbcrity; (/) "iDftasttuctll" lllClllll fac:jljrir:s and services provided by a ~ · (g) "local aulhority" mc:aos a mnnjcipa1 IXllpoiatioa, mgar paocbayat, lllllDicipal IXlUDCil, o«ified area committoe, clisttil:t pandlayat, talub paodlayat, village paodlayal or such other body; (h) "nimiber" mcam a nmbcr oftbc Boan1 ioohdiog C'.bainmm, Vice- Chainnao and Member • secRlaty; (i) "presc:nbed" llJCllllS piescnbed by Nies made UDder ~ M; (j) "projea" means a project 'PC' ified in Scliedolc I; (k) "teguiatioas" 1111:31!S ieguiBliaas made UDder section 38; (1) "rules" meaouules made UDder sectim 37; (m) "senior loan" means a loan in rapc:ct of'Wbidl a tlaim ODaaseC! is prior to the claim on 1hc assca ill reipccl of other loan and which is specified as suc6. ill au agieemeut providiDg ....... e; (n) "specified Govermoent agmc:y" llJCllllS llll agency coasistiDg of the State GhetlJdleS ml & CJut0 IMl""1t lgalC}' participllliDg joimfy; ·(o) "State Govemmeot guarantee" means a guarantee given by the State Govemmcal to a dm:lopcr ocmi!lrnt wilh 1hc provisicns of 1hc Gujarat Stale CeJ. rm Guaraulees Act, 1963; "'1"3. (p) "su~ loan" meam a loan in respect of which a claim on assets is 'subsequc:m to tbc claim m1hc lllCls ill iapcc:t of lllOlha' bm llJll wbicb is spccifiM as such in an agmmaa providing fop•• e; (q) "sUbsidy" nms fimncial P"i!!lmp ill cub or kind provided by the State GoYamoait, a Gowmmmt aemcy OI' a specified Go\'l2IJlllClll agimcy; · (r) ~ ~" means tbe 8IJ1C1l!l!t daargcd 1llJder scctiCll 11. PART JV] GUJARAT GU\'ER."-\1Et-:TGAZETTE, EX., 5- 10- 1999 CHAPTER fl · JNFRASTRVCTURE PROJECTS • ·