Amendment status not verified — confirm the current text below against the official source.
The total outstanding Government Guarantees as on the first day of April of any year shall not exceed ninety per cent of the State revenue receipts of the second preceding year of such year as they stood in the books of the Accountant General of West Bengal: Provided that the ceiling on the Government Guarantee shall not apply for any loan raised by the West Bengal Infrastructure Development Finance Corporation Limited under the guarantee given by the Government and fully availed of by the Government itself for funding different infrastructure projects and for repayment of which there is specific provision in the budget of the State.