Amendment status not verified — confirm the current text below against the official source.
~ e S t a t e G ~ ~ e ~ e n t m a y ~ ~ l a k ~ s ~ ~ b g r a n t s , ~ d ~ ~ a n c e s a n d l o a n s POWCI ofSiatr to the Authority, as the St'ate Govemmcnt may deem necessarj, for the Govcrunlcct to performance of the functions under h i s Act and all grants, loans and advances grmts? advances and so made shall be on such toms and mnditions, as the S m e Govcmment may 62k;IT;G?. Az:h:n-it,:t. 23,' ( I ) The Authority may, fi-orn time to time, borrow money by way of Power to loans or debentures from such sources, other than the Stat= Government, and Authority Lu on such terms and conditions, as may beprescribed. borruw or advance money. URBAN DEVELOPMENT AUTKORITY 11977 : Haryana Act 13 (2) ,The Authority may advance money for residentiai, industrial or commercial purposes on such terms and conditions as may be prescnhed. p.iMiriY ~,f 24.- A11 p~yne!l?s due !he d?!!hpi?: TC ?C'COLL?! ~f ir?tcr~cf !c3nc, ?fi>mcnt tar 0th the repayment of loans shall be made in priurity to aH other &L'S Tram the inrcrest and ~uthorilij. repayment of loans. Sudget.