State Act
54
Section 54. Power to raise loans.
The Maharashtra Maritime Board Act, 1996.
Act no. XV of 19971997In forceMaharashtra (State Act)
54. Power to raise loans.— (1) The Board may raise loans, with the previous sanction of the Government on such terms and conditions as may be prescribed by rules by Government for the purposes of this Act. (2) Loans may be raised by the Board in the open market on the Board Securities issued by it or may be obtained from the Government or a Bank approved by the Government.