Amendment status not verified — confirm the current text below against the official source.
(1) The State Government may, on an application made by the Committee in this behalf, advance moneys for the purpose of efficiently managing the Auditorium and all such moneys shall be repayable with such intererest as may be prescribed. (2) Any money advanced under sub-section (1) shall, subject to the prior payment of municipal rates, if any, and any sum due to the State Government on account of taxes or fees, be a first charge upon the properties in relation to the Auditorium.