State Act

The Andhra Pradesh Vaidya Vidhana Parishad Act, 1986.

This Act was repealed on 31 July 2023 by the Andhra Pradesh Vaidya Vidhana Parishad (Repeal) Act, 2023 (44 of 2023); it may still apply to matters that began before then.

16. Power of Commissionerate to borrow - (1) The Commissionerate may, from time to time, with the previous sanction of the Government and subject to the provisions of this Act, and to such conditions as may be prescribed borrow any sum required for the purposes of this Act. (2) The Government may, for the purpose of this section, empower the Commissionerate to borrow by the issue of bonds or stocks or otherwise and to make arrangements with Bankers. (3) The maximum amount which the Commissionerate may at any time raise as loan under sub-section (1) shall be ten crores of rupees unless the Government by notification fix higher maximum amount. (4) Stocks issued by the Commissionerate under this section shall be issued, transferred, dealt with and redeemed in such manner as may be prescribed.