State Act
95
Section 95. Power to Borrow
THE ODISHA GRAMA PANCHAYATS ACT, 1964
Act no. 1 of 19651965In forceOdisha (State Act)
95. Power to Borrow :– The Grama Sasan may with the previous sanction of the State Government and subject to the provisions of this Act and rules made thereunder borrow money from the State Government, any local authority, or any individual or body of individuals corporate or not to carry out its purposes : Provided that nothing contained in the Local Authorities Loans Act, 1914 (9 of 1914) and the rules made thereunder shall apply in respect of money borrowed from the State Government after the commencement of this Act.