LawgistThe Bihar Reorganisation Act
49Floating Debt
The liability of the existing State of Bihar in respect of any floating loan to provide short-term finance to any commercial undertaking shall be the liability of the State in whose territories the undertaking is located.
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APPORTIONMENT OF ASSETS AND LIABILITIES
- 41 Application of Part
- 42 Land and goods
- 43 Treasury and bank balances
- 44 Arrears of taxes
- 45 Right to recover loans and advances
- 46 Investments and credits in certain funds
- 47 Assets and liabilities of State undertakings
- 48 Public Debt
- 49 Floating Debt
- 50 Refund of taxes collected in excess
- 51 Deposits, etc
- 52 Provident fund
- 53 Pensions
- 54 Contracts
- 55 Liability in respect of actionable wrong
- 56 Liability as guarantor
- 57 Items in suspense
- 58 Residuary provision
- 59 Apportionment of assets or liabilities by agreement
- 60 Power of Central Government to order allocation or adjustment in certain cases
- 61 Certain expenditure to be charged on Consolidated Fund
