State Act
31
Section 31. Guarantee by the Government.
THE JAMMU AND KASHMIR METROPOLITAN REGION DEVELOPMENT AUTHORITES Act, 2018
In forceJammu and Kashmir (State Act)
31. Guarantee by the Government. The Government may guarantee repayment of the principal of, and interest on, any loan raised or given by the Authority or transferred to it, for the purposes of this Act, subject to such conditions as the Government may think fit to impose : Provided that, the guarantee of repayment shall be applicable only to the cases where the loan is raised, given or transferred by the Authority with the prior approval of the Government : Provided further that, the Government shall not give guarantee for repayment of the principal of, and interest on, any loan raised or given by the Authority or transferred to it under section 29.