Section 48A
Borrowing upon the security of the Consolidated Fund of the Union territory.
The Government of Union Territories Act, 1963
About this Act
An Act to provide for Legislative Assemblies and Councils of Ministers for certain Union territories and for certain other matters.
1[48A. Borrowing upon the security of the Consolidated Fund of the Union Territory.--(1) The
executive power of the Union extends to borrowing upon the security of the Consolidated Fund of the
Union territory within such limits, if any, as may, from time to time, be fixed by Parliament by law and to
the giving of guarantees 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 Administrator 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 Union territory.]
Provided that the powers exercisable by the Government of India under this sub-section shall also be exercisable by the Administrator 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 Union territory.]
Notes
1. Ins. by Act 38 of 2001, s. 5 (w.e.f. 10-5-2006).