THE KERALA LOCAL AUTHORITIES LOANS ACT, 1963 — THE KERALA LOCAL AUTHORITIES LOANS ACT, 1963 (Act 30 of 1963)

3 { THE KERALA LOCAL AUTHORITIES LOANS ACT, 1963 An Act to unify and amend the laws relating to the borrowing powers of local authorities m the State of Kerala. Act to unify and amend the laws rel authorities m the State of Kerala. Preamble. —WHEREAS it is expedient to unify and amend the laws relating to the borrowing powers of local authorities in the State of Kerala ; Be it enacted in the Fourteenth Year of the Republic of India as ows: — Be it follows: — Short title, extent and commencement.—(1) This Act may be called the Kerala Local Authorities Loans Act, 1963. It extends to the whole of the State of Kerala. It shall come into force on such date as the Government may, by notification in the Gazette, appoint.2 Definitions.—In this Act, unless the context nrherwise qu pewnee: a wa nee: a (i) fea "local authouty" mcans any person Icgally entitled to the '€ontiol" or management of any local fund 01 legally entitled to impose ont - Y Yicess, rate, duty, {ec or tax andincludes the Panchayat or the o includes open of the Municipality, Sepictary of such loca x andincludes the Panchayat or the as the case may be, and also includes authouty if he has been spccifically open of the Municipality, as the case may be, and also includes athe' Sepictary of such local authouty if he has been spccifically 'suthoiised by the local authority for discharging the dutics and athe' Sepic 'suthoiised unctions u ry of such by the local er this Act. local authority for if he has been s discharging the dutics and suthoiised by the local unctions under this Act. he or or - id - id 3. _ FRO No e.j; Tr FRO No 2 BT LES pub Lapsed He Kena Gagete Wo ag , d aed a0-7 T ~~~ r FRO No 2 BT LES pub Lapsed * ¢ 74s He Kena Gagete Wo ag , d aed a0-7 <dno5: oweht tions are SY Explanation.—A peison means and includes any authority or body rate.j; FRO No 2 BT LES pub Lapsed * ¢ 74 peison means and includes any authority or body gorporate.j; T SY _ * ¢ 74s dno5: ee ee re Sh , +: legally entitled teimpose-any-cess, rate, duty or_tax_within any local area;7Jd ~ . (2) 'funds " used with reference to any local authority includes any local, panchayat or municipal fund to the control or management of which such authority is legally entitled, and any cess, rate, duty or tax which such authority is legally entitled to impose and any property vested in such authority ; '* prescribed " means prescribed by rules made under this Act; and ** work"? includes a survey whether incidental to any other work or not. Borrowing powers of local authortttes.—(1) A local authonity may, subject to the prescribed conditions, borrow money from the Government or with the previous sanction of the Government from any other person, on the security of its funds or any portion thereof, for any of the following purposes, namely :— the carrying oyt of any work which it is legally authorised to carry out, (w) the giving of i:elief and the establishment and maintenance of relief works in times of famine, scarcity,} epidemic or flood; ! o the prevention of the outbreak or spread of any —-——-—— dangerous epidemic disease; (tv) any measures which may be connected with or ancillary to any purposes specified in clauses (11) and (iii); (v) the repayment of money previously borrowed in accordance with law: Provided that no portion of the money so borrowed shall be applied to any purpose othe: than that for which it was borrowed. (vt) any other purpose which the Government may specify. (2) The time for the repayment of any money borrowed under this section shall in no case exceed sixty years. The time for the repayment of any money borrowed before the commencement of this Act shall not, except with the express sanction of the Government, extend beyond the period of sixty years. St St (c) The time for the repayment of any money borrowed for the purpose of discharging any previous loan shall' not, money borrowed for the purpose of discharging any previous loan shall' not, except with the express sanction of the Government, extend except with the express sanction of the Government, extend beyond the unexpired portion of the period for which such previous loan was raised.SHe ' 2 extend beyond the unexpired portion of the for which such previous loan was raised.SHe ' eriod

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