State Act
200
Section 200. Comprehensive Debt Limitation Policy.
THE BRUHAT BENGALURU MAHANAGARA PALIKE ACT, 2020
Act no. 53 of 20202020Repealed 15 May 2025Karnataka (State Act)
This Act was repealed on 15 May 2025 by the Greater Bengaluru Governance Act, 2024 (Karnataka Act 36 of 2025), s.361(1); it may still apply to matters that began before then.
200. Comprehensive Debt Limitation Policy.-(1) The Corporation shall frame a Comprehensive Debt Limitation Policy applicable in the case of loans, including short term loans, to be raised by the Corporations and laying down the general principles governing the raising of loans by the Corporation having regard to its financial capacity. (2) The Corporation may borrow by way of loan or any other form of credit provided such loan or credit is permitted under the Comprehensive Debt Limitation Policy.