GTPUD Act 90Chapter VI · Finance

Section 90 · Powers of appropriate authority to borrow money for development plan or for making or executing a town planning scheme

(1)

An appropriate authority may for the purpose of a development plan or for the making or execution of a town planning scheme borrow moneys and if the appropriate authority is a local authority the money shall be borrowed in accordance with the provisions of the Act under which the local authority is constituted or if such Act does not contain any provision for such borrowing, in accordance with the Local Authorities Loans Act, 1914 (9 of 1914), or as the case may be, the Saurashtra Local Authorities Loans Act, 1951 (Saurashtra XVIII of 1951).

(2)

Any expenses incurred by an appropriate authority or the State Government under this Act in connection with a development plan or a town planning scheme may be defrayed out of the funds of the appropriate authority.

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