Section 18A
Borrowing powers of the Authority.
The Inland Waterways Authority of India Act, 1985
About this Act
An Act to provide for the constitution of an Authority for the regulation and development of inland waterways for purposes of shipping and navigation and for matters connected therewith or incidental thereto.
1[18A. Borrowing powers of the Authority.--The Authority may, in such manner and subject to
such terms and conditions as may be determined by regulations, borrow money from any source by the
issue of bonds, debentures or other instruments as it may think fit for discharge of all or any of its
functions under the Act.]
Notes
1. Ins. by Act 40 of 2001, s. 6 (w.e.f. 1-7-2003).