LawgistThe Uttar Pradesh Reorganisation Act
50Floating Debt
The liability of the State of Uttar Pradesh 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
- 42 Application of Part
- 43 Land and goods
- 44 Treasury and bank balances
- 45 Arrears of taxes
- 46 Right to recover loans and advances
- 47 Investments and credits in certain funds
- 48 Assets and liabilities of State undertakings
- 49 Public Debt
- 50 Floating Debt
- 51 Refund of taxes collected in excess
- 52 Deposits, etc
- 53 Provident fund
- 54 Pensions
- 55 Contracts
- 56 Liability in respect of actionable wrong
- 57 Liability as guarantor
- 58 Items in suspense
- 59 Residuary provision
- 60 Apportionment of assets or liabilities by agreement
- 61 Power of Central Government to order allocation or adjustment in certain cases
- 62 Certain expenditure to be charged on Consolidated Fund
