State Act
214
Section 214. Grama Panchayat may raise loans and form a sinking fund.
THE KARNATAKA GRAM SWARAJ AND PANCHAYAT RAJ ACT, 1993
Act no. 14 of 19931993In forceKarnataka (State Act)
214. Grama Panchayat may raise loans and form a sinking fund.- A Grama Panchayat may, with the previous sanction of the Government and subject to the conditions imposed by it from time to time, raise loans for the execution of any work or for the purposes 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.