The Assam Fiscal Responsibility and Budget Management (Amendment) Act, 2009
###### Registered No. 768/97

# THE ASSAM GAZETTE

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### EXTRAORDINARY

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#### PUBLISHED BY THE AUTHORITY

###### 258 28 srrsft, 2009, 6 t»R, 1931 ( ^ )
 No. 258 Dispur, Friday, 28th August, 2009, 6th Bhadra, 1931 (S.E.)

 GOVERNMENT OF ASSAM

 ORDERS BY THE GOVERNOR

 LEGISLATIVE DEPARTMENT :: LEGISLATIVE BRANCH

 NOTIFICATION

 The 28th August, 2009

 No.LGL.59/2005/52 The following Act of the Assam Legislative Assembly which
 received the assent of the Governor is hereby published for general information.

 ASSAM ACT NO. XVIII OF 2009

 (Received the assent of Governor on 26th August, 2009)

 THE ASSAM FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT

 (AMENDMENT) ACT, 2009


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###### AN

 act

further to amend the Assam Fiscal Responsibility and Budget Management

Act, 2005,

Preamble Whereas it is expedient further to amend the Assam Fiscal Responsibility Assam Act

and Budget Management Act, 2005, hereinafter referred to as the principal XXVII
Act, in the manner hereinafter appearing; of 2005

It is hereby enacted in the Sixtieth Year of the Republic of India as

follows; -

1. (1) This Act may be called the Assam Fiscal Responsibility and Budget

Short title, Management (Amendment) Act, 2009.
extent and
commencement (2) It shall have the like extent as the principal Act.

(3) It shall be deemed to have come into force on the first day of

September, 2005, the day on which the principal Act came into
force.

2. In the principal Act, in section 4, in sub-section (3), -

(i) for the existing clause (v), the following shall be substituted, namely; -

Amendment of “(v) reduce fiscal deficit to 3.5% of the estimated Gross State Domestic

section 4 Product within a period of five financial years beginning on the 1[st] day of
April, 2005 and ending on the 31[51] day of March, 2010;”;

(ii) for the existing clause (viii), the following shall be substituted,

namely : -

“(viii) State Government guarantee for the loans contracted by Public Sector .

Undertakings, Boards, Companies, Corporations, Cooperative Societies

or Autonomous organizations under the State Government, shall be

restricted at any point of time to fifty percent of State’s own tax and
non-tax revenue of the second preceding year, as reflected in the books

of accounts as maintained by the Accountant General and this limit is
fixed as per Article 293 (1) of the Constitution of India;”.

###### MOHD. A. HAQUE,
 Secretary to the Government of Assam,
 Legislative Department, Dispur.

GUWAHATI - Printed and published by the Dy. Director (P&S) Directorate of Ptg. and Sty., Assam Guwahati-21

(Ex-Gazette) No 515-500+600-28-8-2009


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