Lawgist47ABorrowing upon the security of the Consolidated Fund of the Capital
1 [47A. Borrowing upon the security of the Consolidated Fund of the Capital.—(1) The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of the Capital, within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantee within such limits, if any, as may be so fixed:
Provided that the powers exercisable by the Government of India under this sub-section shall also be exercisable by the Lieutenant Governor subject to such conditions, if any, as the Government of India may think fit to impose.
(2) Any sums required for the purpose of invoking a guarantee shall be charged on the Consolidated Fund of the Capital.
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7. Ins. by s. 9, ibid. (w.e.f. 10-5-2006).
- 46 Consolidated Fund of the Capital
- 46A Public Account of the Capital and moneys credited to it
- 47 Contingency Fund of the Capital
- 47A Borrowing upon the security of the Consolidated Fund of the Capital
- 47B Form of accounts of the Capital
- 48 Audit reports
- 49 Relation of Lieutenant Governor and his Ministers to President
- 50 Period of order made under article 239AB and approval thereof by Parliament
- 51 Authorisation of expenditure by President
- 52 Contracts and suits
- 53 Power of President to remove difficulties
- 54 Laying of rules before Legislative Assembly
- 55 Repealed
- 56 Repeal of Act 19 of 196
