State Act
56
Section 56. Power to raise loans
The Andhra Pradesh Maritime Board Act, 2018
Act no. 16 of 20192019In forceAndhra Pradesh (State Act)
56. Power to raise loans - (1) The Board may raise loans of duration greater than one year, with the previous sanction of the Government on such terms and conditions as may be prescribed by Government for the purposes of this Act. (2) Loans may be raised by the Board in the open market on the Board Securities issued by it or may be obtained from the Government or a Bank approved by the Government.