Amendment status not verified — confirm the current text below against the official source.
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
Comprehensive debt limitation policy - The State Government shall frame a comprehensive debt limitation policy applicable in the case of loans, including short-term loans, to be raised by the municipalities, laying down, inter alia, the general principles governing the raising of loans by the municipalities, the limit of the loans which any municipality may raise having regard to its financial capacity, the rate of interest to be paid for such loans, and the terms and conditions, including the period of repayment thereof. >kj[k.M xtV ¼vlk/kkj.k½] o`gLifrokj 9 Qjojh] 2012 480