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Section 70 - Jammu and Kashmir Reorganisation Act, 2019
70. Borrowing upon the security of Consolidated Fund of Union territory of Jammu and Kashmir.-
(1) The executive power of the Union territory extends to borrowing upon the security of the Consolidated Fund of the Union territory of Jammu and Kashmir within such limits, if any, as may, from time to time, be fixed by Legislative Assembly by law and to the giving of guarantees within such limits, if any, as may be so fixed.
(2) Any sums required for the purpose of invoking a guarantee shall be charged on the Consolidated Fund of the Union territory of Jammu and Kashmir.
Related Sections
- Section 21: Special address by Lieutenant Governor to Legislative Assembly
- Section 35: Inconsistency between laws made by Parliament and laws made by Legislative Assembly
- Section 17: Duration of Legislative Assembly
- Section 29: Penalty for sitting and voting before making oath or affirmation or when not qualified or when disqualified
- Section 86: Temporary provisions as to continuance of certain existing road transport permits
Related Acts
* Only for reference.