The Bihar Reorganisation Act

Application of Part

Land and goods

Treasury and bank balances

Arrears of taxes

Right to recover loans and advances

Investments and credits in certain funds

Assets and liabilities of State undertakings

Public Debt

Floating Debt

Refund of taxes collected in excess

Deposits, etc

Provident fund

Pensions

Contracts

Liability in respect of actionable wrong

Liability as guarantor

Items in suspense

Residuary provision

Apportionment of assets or liabilities by agreement

Power of Central Government to order allocation or adjustment in certain cases

Certain expenditure to be charged on Consolidated Fund


APPORTIONMENT OF ASSETS AND LIABILITIES


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.

LAWGIST

# 49 Floating Debt