Panchayat:Repo18/vol2-page0282 - Revision history

Animon at 07:22, 30 May 2019

2019-05-30T07:22:22Z

← Older revision		Revision as of 07:22, 30 May 2019
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	<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''*THE LOCAL AUTHORITIES LOANS RULES, 1965'''</div>		<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''*THE LOCAL AUTHORITIES LOANS RULES, 1965'''</div>
	<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''S.R.O. No. 268/65-''' In exercise of the powers conferred by Section 8 of the Kerala Local Authorities Loans Act, 1963 (30 of 1963), the Government of Kerala hereby make the following rules namely:-</div>		<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''S.R.O. No. 268/65-''' In exercise of the powers conferred by Section 8 of the Kerala Local Authorities Loans Act, 1963 (30 of 1963), the Government of Kerala hereby make the following rules namely:-</div><br>


	<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''RULES'''</div>		<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''RULES'''</div><br>
			'''1. Short title and commencement.'''- (1) These rules may be called the Kerala Local Authorities Loans Rules, 1965.<br>
	'''1. Short title and commencement.'''- (1) These rules may be called the Kerala Local Authorities Loans Rules, 1965.		(2) They shall come into force with effect from 1st August, 1965.<br>
			2. '''Definitions'''.- In these rules, unless the context otherwise requires<br>
	(2) They shall come into force with effect from 1st August, 1965.		(i) the Act means the Kerala Local Authorities Loans Act, 1963 (Act 30 of 1963);<br>
			(ii) “Government loan" means a loan taken by a local authority from the Government funds;<br>
	2. '''Definitions'''.- In these rules, unless the context otherwise requires		(iii) "Ioan” means a loan made, taken or raised under the Act;<br>
			(iv) “non-Government loan” means a loan raised otherwise than from Government funds;<br>
			(v)"term of a loan" means the period elapsing between the date on which the loan is completely made, taken or raised and the date on which it is completely repaid.<br><br>
	(i) the Act means the Kerala Local Authorities Loans Act, 1963 (Act 30 of 1963);		'''3. Limitation of borrowing powe'''r.- A local authority shall not borrow money for any of the purposes specified in Clauses (i) to (iv) of sub-section (1) of Section 3 of the Act unless the Work to be carried out is either<br>
			(a) within the local limits of the area subject to the control of the local authority, <br>
			(b) for the benefit of the inhabitants within those limits.<br><br>
	(ii) “Government loan" means a loan taken by a local authority from the Government funds;		'''4. Nature of the funds on the security of which a local authority may borrow.-''' For the purpose of borrowing money under Section 3 of the Act or guaranteeing interest under Section 5 of the Act, a local authority shall not offer as security any of its funds which is charged under any provision of law for any specific purpose other than the one for which the loan is proposed to be raised or for which the interest is proposed to be guaranteed, except with the approval of the Government.<br><br>
			'''5. Works for which money may be borrowed etc'''.— A local authority shall not borrow money nor shall it guarantee the payment of interest for any work which it is not legally authorisedto execute under the provisions of law governing it. <br><br>
			'''6. Manner of application for permission to borrow money'''- When a local authority desires to borrow money, it shall submit an application to the Government or to such authority as may be specified by them in this behalf, in the form given in Appendix I. <br><br>
	(iii) "Ioan” means a loan made, taken or raised under the Act;		'''7. Manner of making application for sanction to give guarantee.-''' When a local
			authority desires either severally or in Conjunction with any other local authority to charge its funds or any part thereof by way of guarantee for the payment of interest on money expended or to be expended on any work, under Section 5 of the Act, it shall submit an application to the Government

	(iv) “non-Government loan” means a loan raised otherwise than from Government funds;


	(v)"term of a loan" means the period elapsing between the date on which the loan is completely made, taken or raised and the date on which it is completely repaid.


	'''3. Limitation of borrowing powe'''r.- A local authority shall not borrow money for any of the purposes specified in Clauses (i) to (iv) of sub-section (1) of Section 3 of the Act unless the Work to be carried out is either


	(a) within the local limits of the area subject to the control of the local authority,

	(b) for the benefit of the inhabitants within those limits.


	'''4. Nature of the funds on the security of which a local authority may borrow.-''' For the purpose of borrowing money under Section 3 of the Act or guaranteeing interest under Section 5 of the Act, a local authority shall not offer as security any of its funds which is charged under any provision of law for any specific purpose other than the one for which the loan is proposed to be raised or for which the interest is proposed to be guaranteed, except with the approval of the
	Government.
	5. Works for which money may be borrowed etc.— A local authority shall not borrow money nor shall it guarantee the payment of interest for any work which it is not legally ~~authorised~~
	to execute under the provisions of law governing it. ~~مه- - - - nه \|~~ 6. Manner of application for permission to borrow money- When a local authority
	~~۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔~~
	desires to borrow money, it shall submit an application to the Government or to such authority as
	may be specified by them in this behalf, in the form given in Appendix I. 7. Manner of making application for sanction to give guarantee.- When a local
	authority desires either severally or in Conjunction with any other local authority to charge its funds
	or any part thereof by way of guarantee for the payment of interest on money expended or to be expended on any work, under Section 5 of the Act, it shall submit an application to the Government
	in the form given in Appendix II		in the form given in Appendix II
			{{Approved}}

Bibinvb at 04:43, 25 January 2019

2019-01-25T04:43:10Z

← Older revision		Revision as of 04:43, 25 January 2019
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	<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">RULES</div>		<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''RULES'''</div>

	'''1. Short title and commencement.'''- (1) These rules may be called the Kerala Local Authorities Loans Rules, 1965.		'''1. Short title and commencement.'''- (1) These rules may be called the Kerala Local Authorities Loans Rules, 1965.

Bibinvb at 04:39, 25 January 2019

2019-01-25T04:39:45Z

← Older revision		Revision as of 04:39, 25 January 2019
Line 1:		Line 1:
	'''*THE LOCAL AUTHORITIES LOANS RULES, 1965'''		<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''*THE LOCAL AUTHORITIES LOANS RULES, 1965'''</div>
			<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">'''S.R.O. No. 268/65-''' In exercise of the powers conferred by Section 8 of the Kerala Local Authorities Loans Act, 1963 (30 of 1963), the Government of Kerala hereby make the following rules namely:-</div>

	'''S.R.O. No. 268/65-''' In exercise of the powers conferred by Section 8 of the Kerala Local Authorities Loans Act, 1963 (30 of 1963), the Government of Kerala hereby make the following rules namely:-


	~~'''RULES'''~~


			<div class="center" style="width: auto; margin-left: auto; margin-right: auto;">RULES</div>

	'''1. Short title and commencement.'''- (1) These rules may be called the Kerala Local Authorities Loans Rules, 1965.		'''1. Short title and commencement.'''- (1) These rules may be called the Kerala Local Authorities Loans Rules, 1965.


	(2) They shall come into force with effect from 1st August, 1965.		(2) They shall come into force with effect from 1st August, 1965.

			2. '''Definitions'''.- In these rules, unless the context otherwise requires
	'2. Definitions.- In these rules, unless the context otherwise requires


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	authority desires either severally or in Conjunction with any other local authority to charge its funds		authority desires either severally or in Conjunction with any other local authority to charge its funds
	or any part thereof by way of guarantee for the payment of interest on money expended or to be expended on any work, under Section 5 of the Act, it shall submit an application to the Government		or any part thereof by way of guarantee for the payment of interest on money expended or to be expended on any work, under Section 5 of the Act, it shall submit an application to the Government
	in the form given in Appendix II.		in the form given in Appendix II
	~~SuSuSMSSSMSSSMMSSS പ~~

Subhash: ''''*THE LOCAL AUTHORITIES LOANS RULES, 1965''' '''S.R.O. No. 268/65-''' In exercise of the powers conferred by Section 8...' താൾ സൃഷ്ടിച്ചിരിക്കുന്നു

2018-01-06T03:58:10Z

''''*THE LOCAL AUTHORITIES LOANS RULES, 1965''' '''S.R.O. No. 268/65-''' In exercise of the powers conferred by Section 8...' താൾ സൃഷ്ടിച്ചിരിക്കുന്നു

New page

'''*THE LOCAL AUTHORITIES LOANS RULES, 1965'''

'''S.R.O. No. 268/65-''' In exercise of the powers conferred by Section 8 of the Kerala Local Authorities Loans Act, 1963 (30 of 1963), the Government of Kerala hereby make the following rules namely:-

'''RULES'''

'''1. Short title and commencement.'''- (1) These rules may be called the Kerala Local Authorities Loans Rules, 1965.

(2) They shall come into force with effect from 1st August, 1965.

'2. Definitions.- In these rules, unless the context otherwise requires

(i) the Act means the Kerala Local Authorities Loans Act, 1963 (Act 30 of 1963);

(ii) “Government loan" means a loan taken by a local authority from the Government funds;

(iii) "Ioan” means a loan made, taken or raised under the Act;

(iv) “non-Government loan” means a loan raised otherwise than from Government funds;

(v)"term of a loan" means the period elapsing between the date on which the loan is completely made, taken or raised and the date on which it is completely repaid.

'''3. Limitation of borrowing powe'''r.- A local authority shall not borrow money for any of the purposes specified in Clauses (i) to (iv) of sub-section (1) of Section 3 of the Act unless the Work to be carried out is either

(a) within the local limits of the area subject to the control of the local authority,

(b) for the benefit of the inhabitants within those limits.

'''4. Nature of the funds on the security of which a local authority may borrow.-''' For the purpose of borrowing money under Section 3 of the Act or guaranteeing interest under Section 5 of the Act, a local authority shall not offer as security any of its funds which is charged under any provision of law for any specific purpose other than the one for which the loan is proposed to be raised or for which the interest is proposed to be guaranteed, except with the approval of the
Government.
5. Works for which money may be borrowed etc.— A local authority shall not borrow money nor shall it guarantee the payment of interest for any work which it is not legally authorised
to execute under the provisions of law governing it. مه- - - - nه | 6. Manner of application for permission to borrow money- When a local authority
۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔ ۔
desires to borrow money, it shall submit an application to the Government or to such authority as
may be specified by them in this behalf, in the form given in Appendix I. 7. Manner of making application for sanction to give guarantee.- When a local
authority desires either severally or in Conjunction with any other local authority to charge its funds
or any part thereof by way of guarantee for the payment of interest on money expended or to be expended on any work, under Section 5 of the Act, it shall submit an application to the Government
in the form given in Appendix II.
SuSuSMSSSMSSSMMSSS പ