Panchayat:Repo18/vol2-page0273
THE KERALA LOCAL AUTHORITIES LOANS ACT, 1963
1. Short title, extent and Commencement. .........................................................................
2. Definitions. .......................................................................................................................
3. Borrowing powers of local authorities..............................................................................
3A. Constitution of the Development Fund, financial management and services etc., by Government.......................
4. Remedy by attachment if loan not repaid.......................................................................
5. Power of local authority to guarantee payment of interest on, or to create a fund for repayment of capital expended on any work to which the funds may be applied.........
6. Remedy by attachment if engagements not fulfilled.......................................................
7. Issue of short term bills. ........................................................................................
8. POWer of Government to make rules..........................................................................
9. Loans not to be effected except under this Act..............................................................
10. Repeal. .............................................................................................................................
THE LOCAL AUTHORITIES LOANS RULES, 1965
1 Short title and Commencement.......................................................................................
2. Definitions. ...................................................................................................
3. Limitation of borrowing power. .........................................................................................
4. Nature of the funds on the security of which a local authority may borrow....................
5. Works for which money may be borrowed etc. ..............................................................
6. Manner of application for permission to borrow money. .................................................
7. Manner of making application for Sanction to give guarantee. .......................................
8. Inquiries to be made on applications. .............................................................................
9. Rejection of application etc.............................................................................................
10. Omitted .................................................................... .
11. Disposal of application. ...................................................................................................
11A. Omitted............................................................................................................................
12. Power of Government to grant urgent loans....................................................................
13. Conditions relating to non-Government loans.................................................................
14. Inspection of Works etc....................................................................................................
15. Grant of Government Loans.............................................................................................
16. Control and inspection of Works and accounts...............................................................
17. Procedure on attachment................................................................................................
18. Procedure in respect of unexpended balances of loans.................................................
19. Interest on Government loans. ........................................................................................
20. Repayment of Government loans....................................................................................
21. Accounts of Government loans.......................................................................................
22. Sinking fund for non-Government loans. .........................................................................
APPENDIX I - Application for Loan..................................................................................
APPENDIX II - Application For Permission to Guarantee Interest..................................
APPENDXIII...
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