66. Security for loans taken by Board - All loans raised by the Board under this Act shall be a first charge on,-
(a) the property vested or which may hereafter during the currency of the loans become vested in the Board other than,--
(i) any sum set apart by the Board,-
(1) as sinking fund for the purpose of paying off any loan; or
(2) for the payment of pension to its employees;
(ii) the provident or pension fund established by the Board; and
(b) the rates leviable by the Board under this Act.
Section 66 • THE ANDHRA PRADESH MARITIME BOARD ACT, 2019
Section 66. Security for loans taken by Board
the-andhra-pradesh-maritime-board-act-2019-sec-66.json
•
Section 66
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"act_title": "THE ANDHRA PRADESH MARITIME BOARD ACT, 2019",
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"number": "66",
"title": "Section 66. Security for loans taken by Board",
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"content": "66. Security for loans taken by Board - All loans raised by the Board under this Act shall be a first charge on,-\n(a) the property vested or which may hereafter during the currency of the loans become vested in the Board other than,--\n(i) any sum set apart by the Board,-\n(1) as sinking fund for the purpose of paying off any loan; or\n(2) for the payment of pension to its employees;\n(ii) the provident or pension fund established by the Board; and\n(b) the rates leviable by the Board under this Act.",
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