State Act
141
Section 141. Comprehensive debt limitation policy.
RAJASTHAN MUNICIPALITIES ACT,2009
Act no. 18 of 20092009In forceRajasthan (State Act)
141. Comprehensive debt limitation policy.- The State Government shall frame a comprehensive debt limitation policy applicable in the case of loans, including short-term loans, to be raised by the Municipalities, laying down, inter alia, the general principles governing the raising of loans by the Municipalities, the limit of the loans which any Municipality may raise having regard to its financial capacity, the rate of interest to be paid for such loans and the terms and conditions, including the period of repayment thereof.