Repealed or not in force · As amended up to 2026-08
47. Power of the Board to borrow. —For the purpose of giving -effect to the provisions of this Act, the Board may, with the previous sanction of the State'Government, borrow such sum of money and~
THE GAZETTE OF INDIA EXTRAORDINARY
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On such terms and conditions as the State Government may determine and the Board shall repay the money borrowed, together with' any interest or costs due in respect thereof, according to the terms and conditions of the loan.
Source: India Code