Section 55. Floating Debt

55. Floating Debt. —All liabilities of the existing State of Andhra Pradesh in respect of any floating loan to provide short term finance to any local body, body corporate or other institution, shall be determined on the following basis, namely:-- (a) if, the purposes of the floating loan are, on and from the appointed day, exclusive purposes of either of the successor States, then, of that State; (b) in any other case, it shall be divided on the basis of population ratio. 55. Deposits on Employees Welfare Fund and Matching contribution equivalent tothe interest earned on the Employees Welfare Fund (i) Loans to Government Employees (ii) Loans to Panchayat Raj Employees - (iii) Loans to Municipal Corporation/Municipal Employees (iv) Remuneration to the employees working in the Employees Welfare Fund andother connected expenditure like Stationery, Stamps, Contingent items, etc. 55. Andhra Pradesh Food Processing Society (APFPS). 1st Floor, BRKR Bhavan, Tank Bund Road, Hyderabad-63.