The Madhya Pradesh 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 undertaking

Public Debt

Floating loans

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


All liabilities of the existing State of Madhya Pradesh of any floating loan to
provide short term finance to any local body, body corporate or other institution shall be determined by
mutual agreement between the successor States, failing which the Central Government shall determine
such liability between the successor States in consultation with such States.

LAWGIST

# 45 Floating loans