State Act

26-T

Section 26-T. Power of Board to borrow

THE UTTAR PRADESH KRISHI UTPADAN MANDI ADHINIYAM, 1964

Act no. 25 of 19641964RepealedUttarakhand (State Act)

This Act was repealed on a date we do not have by the Uttarakhand Agricultural Produce Marketing (Development and Regulation) Act, 2011 (Uttarakhand Act 9 of 2011); it may still apply to matters that began before then.

26-T Power of Board to borrow (1) The Board may from time to time, with the previous sanction of the State Government and subject to the provisions of this Act and to such conditions as the State Government may by general or special order determine, borrow any sum required for the purposes of this Act, whether by the issue of bonds or stock or otherwise or by making, arrangement with bankers. (2) The Board may not to any time have on loan under sub-section (1) a part from the amount of loans from the State Government, an amount exceeding such amount as the State Government may, from time to time, fix in that behalf. (3) Stock issued by the Board under this section shall be issued, transferred, dealt with and redeemed in such manner as the State Government may by general or special order direct.