Bare ActsThe Maharashtra Housing and Area Development Act, 1976.

Section 163

Money borrowed for advancing loans not to be utilised for other purposes.

Amendment status not verified — confirm the current text below against the official source.

Whenever any sum of money has been borrowed by the Authority for the purposes of advance of loans, no portion thereof shall be applied to any other purposes without the previous sanction of the State Government.

Section 163 – The Maharashtra Housing and Area Development Act, 1976. | DailyLaw.ai