Section 45
Floating loans.
The Madhya Pradesh Reorganisation Act, 2000
About this Act
An Act to provide for the reorganisation of the existing State of Madhya Pradesh and for matters connected therewith.
All liabilities of the existing State of Madhya Pradesh of any floating loan to
provide short term finance to any local body, body corporate or other institution shall be determined by
mutual agreement between the successor States, failing which the Central Government shall determine
such liability between the successor States in consultation with such States.