State Act
156
Section 156
Act no. 2070 of 19611961In forceGoa (State Act)
Art. 156 – The Pensioners’ Bank (Caixa de Aposentações) shall have its head office in Panjim City of Goa and branches in the administrations offices of the comunidades of Salsete and Bardez and in the talukas where there exist comunidades. Sole § When the Pensioners’ Bank does not have sufficient funds for the payment of pensions, the difference shall be made good by all the comunidades by way of advances in proportion to their income. These advances constitute a debt against the Pensioners’ Bank which shall pay to the respective comunidades soon after it is in condition to repay.