State Act
163
Section 163. Panchayat may raise loans and form a sinking fund.
The Goa Panchayat Raj Act, 1994
Act no. 14 of 19941994In forceGoa (State Act)
163. Panchayat may raise loans and form a sinking fund.— A Panchayat may, with the previous sanction of the Government and subject to the conditions imposed by it from time to time and subject to the execution of any work or for the purpose of carrying out any of the provisions of this Act and form a sinking fund in the prescribed manner for the repayment of such loans.