Section 38State of Maharashtra Act

Section 38: Subvention and loans to Authority

Maharashtra Housing and Area Development Act, 1976

Subvention and loans to Authority.

(1)

Any Government or local authority (and every local authority is hereby authorised to do so) may, from time to time, make subventions to the Authority for the purposes of this Act on such terms and conditions as the State Government may determine.

(2)

Any Government may from time to time advance loans to the Authority on such terms and conditions not inconsistent with the provisions of this Act, as that Government may determine.

Sec 37 — Application of property, fund, etc

Sec 39 — Accounts and audit

Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.