Section 47A
Borrowing upon the security of the Consolidated Fund of the Capital.
The Government of National Capital Territory of Delhi Act, 1991
About this Act
An Act to supplement the provisions of the Constitution relating to the Legislative Assembly and a Council of Ministers for the National Capital Territory of Delhi and for matters connected therewith or incidental thereto.
1
[47A. Borrowing upon the security of the Consolidated Fund of the Capital.—(1) The executive
power of the Union extends to borrowing upon the security of the Consolidated Fund of the Capital,
within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of
guarantee within such limits, if any, as may be so fixed:
Provided that the powers exercisable by the Government of India under this sub-section shall also be exercisable by the Lieutenant Governor subject to such conditions, if any, as the Government of India may think fit to impose.
(2) Any sums required for the purpose of invoking a guarantee shall be charged on the Consolidated Fund of the Capital.
Provided that the powers exercisable by the Government of India under this sub-section shall also be exercisable by the Lieutenant Governor subject to such conditions, if any, as the Government of India may think fit to impose.
(2) Any sums required for the purpose of invoking a guarantee shall be charged on the Consolidated Fund of the Capital.
Notes
7. Ins. by s. 9, ibid. (w.e.f. 10-5-2006).