Amendment status not verified — confirm the current text below against the official source.
(1) The S t a t ~ Goverruent may from time to time, make subventions to any licensee for thc purpose of sub-section (3) of ~ection 12 for such amounts ai may be recommended by tkc Commission and on such terms and conditions as the State Government ma!: determine. (2) The Slate Governmcnt may, from time to time, advance loans to any licensee or generating company which for the time being is wholly or substan tially owned by the Stn tc Govei.omcnt, on such terms anc' conditions, not inconsistent with 54 1w the provisions of this Act or the Electricity (Supply) Act', 1948, as the State Government may determine. (3) The State Government may guarantee in .such manner as it thinks fit the repayment of the -principal or the payment of inlerest, or both. cf any loane proposed to 'be raised by any licensee or generating.company which is Cor thr: timc being rvholly or substantially owned by the Sfaie Government. or the discharge of any otl~cr financial obligation of any sucli liccnsze or generating company : Prov,ided that the State Governmcnt shall, so long as such guarantee is in force1 lay before the State Legislai ure during the b~rdget-session in evory year a statement of the guarantee; if any given during the current financial year cf thc State and an up-to-date account of thc total sums, if any, whicll have been paid our of State revenues in each case by reason of any such guarantees orpaid intostaterevenues towards - repayment of any money so p ~ i d out. (4) The State Government shall be entilled to inspect and verify the accounts of every liceniec and generating company. CHAPTER ZX COMMTSSION'S POWER TO PASS ORDERS AND ENFORCE DECISIONS Interim