Amendment status not verified — confirm the current text below against the official source.
Subve,sijwjs and loans to ' the I3oard,----.TJie (overnnzseijt irue to. Uiflc snake subvciii ions pt advartce loans to 'the l3oarcl-.cite- pw'poses Of this Act on such lerlm and conclitic>m as the Qôvet'mnIent-na y , detei'nij. 3741580/2019/OS-HOUSING 190 37 •92 Yoir f' Iliq Board to, borrow and 1rnd.'(l) S&thjecT.to the piovtstons of this Act thc Boaicl rn ty, ft orn time to (iin b>.fi'os fl1Cf11) 1 f.tfl( ct lot tl'ie put poscs of this Act Li om thc public r Ii oii toy cot p umn t;oil o',s ied'oi critiollcd by fic Lnti a! os St'sn Cm ci mm Ill • (2) Whenever the bo'i'oi'ng of' any sum of xnoisc' has beer, approved by thç Governmiit,. the Board may irtstea(1 or borrowing "1(11,1 Or ny P' tlu..i cof Ii oi thc publti like Ci cdit Ii Oiti toy I) 1111 or any copQration'ownd or 'cotutolted by the Centrsil ui S tate Cnvcnini (4). 4 casts.nccount to be kept ntlt name of' 01e. 130at'd,to the extent of such Squl or part thereof, 5511(1 may, w th tile previous sanction of' ili c Govern- ilCit, giant mortgages olaf! ,oi a iy of the properties vested in ti(: Board by way (>1' secirity lot' such credit. Subject to such conctitins and' limitaiions as mit)' 1)1' fL'CICI'Lt)eI.I ad with the previous approv1 off the Goveitns'n , the Boui'd I fliI), fin' the protnotion and CxeQution of ' any iiousin or ilnpl'oveluent ss'lIeIfle urldci' this Act enter mto fivaoca1 ar1'utgemen15 with any oaitlt or otter financial institutions approved ly the Govercunetit or with the l.,i It' insurance Corporation of' India established under section 3 oh' the I,iic • I usurarice Corporation Act, 1956 (Central Ac,t 3 1 of' 1956). Subject to the 'provision of this Act and to such conditions aitd lirnitatiors as dItty be prescrihedj the Board 'nay, out of' its funds, giant - loans and advances on such terms dnd conditions as it may, determine, to any co-opei'alivo socey registered 'orf (kefllCd to be regisiered under the law i'elating to coqpei'auve occ1ics ft,r th time being in f'ore&: in the State or to otty other person f'or the cdtistrtctjojs of houses,