State Act
3
Section 3. Ceiling on Government Guarantees.
The Kerala Ceiling on Government Guarantees Act, 2003
Act no. 30 of 20032003In forceKerala (State Act)
2[3. Ceiling on Government Guarantees.—The total outstanding Government Guarantees as on the first day of April of any year shall be 100% of the total revenue receipts as per the annual financial statement of the State in the preceding year at 10% of the Gross State Domestic product (GSDP), whichever is lower.]