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Act Description : THE SIKKIM CEILING ON GOVERNMENT GUARANTEES ACT, 2000
Act Details :-
GOVERNMENT OF SIKKIM

LAW DEPARTMENT

GANGTOK – 737101

No. 21/LD/2000 Dated 16.12.2000

NOTIFICATION

The following Act of the Sikkim Legislative Assembly having received the assent of the Governor on 13th day of December , 2000 is hereby published for general information:-

THE SIKKIM CEILING ON GOVERNMENT GUARANTEES ACT, 2000

(ACT NO. 21 OF 2000)

An Act To provide ceiling on Government Guarantees and other matters connected therewith.

Be it enacted by the Legislature of Sikkim in the fifty-first year of the Republic of India as follows:-

Short title and Commencement.

1. (1) This Act may be called the Sikkim Ceiling on Government Guarantees Act, 2000.

Definitions.

2. (2) It shall come into force at once.

In this Act, Unless the context otherwise requires:-

(a) ‘Default risk’ means the probability of default by the borrower on whose behalf the Government Guarantee is given, depending on the amount borrowed, the type of industry and the economic situation .

(b) “Government “ means the State Government of Sikkim.

(c) “government Guarantee” includes the guarantee given by the State Government on behalf of Departmental Undertakings, Public Sector Undertakings, Local Authorities , Statutory Boards and Corporations and Co-operative-Institutions.

Ceiling on Government Guarantees

3. The total outstanding Government Guarantees as on the first day of April of any year shall not exceed thrice the State’s to revenue receipts of the second preceding year as in the books of the Accountant General of Sikkim.

Prohibition.

4. Notwithstanding any thing contained in any other law , no Government guarantee shall be given in respect of a loan of any private individual, institution or company.

Guarantee

5. (1) The Government shall charge a minimum of one percent as guarantee commission which shall not be waived under any circumstances.

(3) The Government may , by notification in the Official Gazette specify commission at an enhanced rate depending on the default risk of the project.

By Order of the Governor,

T.D. Rinzing

Secretary to the Govt. of Sikkim

Law Department

F.No. 16(82) LD/2000

GOVERNMENT OF SIKKIM LAW DEPARTMENT GANGTOK – 737101

No. 22/LD/2000 Dated 16.12.2000

NOTIFICATION

The following Act of the Sikkim Legislative Assembly having received the assent of the Governor on 13th day of December , 2000 is hereby published for general information:-

THE SIKKIM CEILING ON GOVERNMENT GUARANTEES ACT, 2000

(ACT NO. 22 OF 2000)

An Act to authorise payment and appropriation of certain further sums from and out of the Consolidated Fund of the State of Sikkim for the Services of the Financial Year 2000-01.

Be it enacted by the Legislature of Sikkim in the Fifty –first Year of the Republic of India as follows:-

Short title Issue of Rs.93,48,90,000/- out of the Consolidated Fund of the State of Sikkim for the Financial Year 2000

1. This Act may be called the Sikkim Appropriation Act 2000.

2. From and out of the Consolidated Fund of the State of Sikkim, there may be paid and applied sums not exceeding those specified in column 5 of the Schedule amounting in the aggregate to the sum of ninety three crores, forty eight lakhs , ninety thousand rupees towards defraying the several charges which will come in course for payment during the Financial Year 2000-01, in respect of the services and purposes specified in column 2 of the schedule.

Appropriation.

3. The sum authorized to be paid and applied from and out of the Consolidated Fund of the State of Sikkim by this Act shall be appropriated for the services and purpose specified in the Schedule in relation to the said year.

THE SCHEDULE

(See Sections 2 and 3)


























































































































































































































































































































1.


2


3


4


5


No of Demand

 


SERVICES AND PURPOSES


(In thousand of Rupees) SUMS NOT EXCEEDING Voted by the Legislative Assembly


Charged on the consolidated Fund


Total


1. State Legislature


Revenue


2370


350


2720


2. Council of Ministers


Revenue


8339


----


8339


3. Administration of Justice


Revenue


4000


------


4000


4. Election


Revenue


350


-----


350


5. Income & Sales Tax


Revenue


910


-----


910


6. Land Revenue


Revenue


2000


-----


2000


8. Excise (Abkari)


Revenue


530


-----


530


11. Secretariat-Gen. Services


Revenue


4800


-----


4800


12. District administration


Revenue


999


-----


999


13. Treasury and Accounts Admn.


Revenue


4000


-----


4000


14. Police


Revenue


13094


----


13094


15. Jails


Revenue


5190


----


5190


17. Public Works


Revenue


62700


----


62700


18. Other Admn. Services


Revenue


4915


---


4915


21. Education


Revenue


109800


---


109800


23. Art and Culture


Revenue


13200


---


13200


24. Medical & Public Health


Revenue


18761


---


18761


25. Water supply & Seniation


Revenue

Capital


2500

 

1


---


2500

 

1


26. Urban Development


Revenue

Capital


6100

 

54000


---


6100

54000


27. Information & Publicity


Revenue


1000


---


1000


28. Social security and Welfare


Revenue

Capital


11352

 

10000


---


11352

10000


29. Labour & Labour Welfare


Revenue


40


---


40


30. Nutrition


Revenue


22600


---


22600


32. Other Socail Services (Ecclesi)


Revenue


3000


---


3000


34. Agriculture


Revenue

Capital


13226

 

1400


---


13226

1400


35. Soil and Water Conservation


Revenue


2675


---


2675


36. Animal Husbandry


Revenue

Capital


13304

 

550


---


13304

550


37. Dairy development


Revenue


6426


---


6426


38. Fisheries


Revenue

Capital


600

 

400


---


600

400


39. forestry and Wild Life


Revenue


34261


---


34261


40. Other Agriculture Programme


Revenue


11170


---


11170


42. Co-operation


Capital


12000


---


12000


43. Rural development


Revenue


2500


---


2500


44. Irrigation and Flood Control


Revenue


574


---


574


46. Industries


Revenue

Capital


16500

 

17000


---


16500

17000


47. Mines and Geology


Capital


5000


---


5000


48. Roads and Bridges


Revenue

Capital


6500

 

331500


---


6500

331500


49. Roads Transport Services


Revenue

Capital


28350

 

6000


---


28350

6000


50. Other Scientific Research


Revenue


800


---


800


51. Secretariat-Economic serv.


Revenue


5700


---


5700


52. Tourism


Revenue


6548


---


6548


 


Total


934540


350


934890



By Order of the Governor.

T.D. RINZING

Secretary to the Govt. of Sikkim

Law Department

F.No. 16 (82) LD/2000

GOVERNMENT OF SIKKIM LAW DEPARTMENT GANGTOK – 737101

No. 23/LD/2000 Dated 16.12.2000

NOTIFICATION

The following Act of the Sikkim Legislative Assembly having received the assent of the Governor on 13th day of December , 2000 is hereby published for general information:-

THE SIKKIM CEILING ON GOVERNMENT GUARANTEES ACT, 2000

(ACT NO. 23 OF 2000)

An Actto provide for the authorization of appropriation of money out of the consolidated Fund of the State of Sikkim to meet the amount spent on certain services during the Financial Year ended on the 31st day of March , 1997in excess of the maount authorized or granted for the said services.

Be it enacted by the Legislature of the State of Sikkim in the Fifty-first Year of the Republic of India as follows:-

Short title.

1. This act may be called the Sikkim Appropriation Act, 2000.

Issue of Rs.96,97,518/- out of the Consolidated Fund of the State of Sikkim for the Financial Year ended on 31st March 1997.

3. The sum specified in column 5 of the Schedule amounting to ninety six lakhs, ninety seven thousand five hundred and eighteen rupees shall be deemed to have been authorized to be paid and applied from and out of the Consolidated Fund of the State of Sikkim to meet the amount spent for defraying the charges in respect of the services and purposes specified in column 2 of the Schedule during the Financial Year on the 31st of March, 1997 in excess of the amount authorized or granted for those services and purposes for the at year.

THE SCHEDULE

(See Sections 2 and 3)






















































































































1


2


3


4


5


No of Demand


SERVICES AND PURPOSES


(In thousand of Rupees) SUMS NOT EXCEEDING

Voted by the Legislative Assembly


Charged on the consolidated Fund


Total


1. Governor


Revenue


----


172632


172632


2. State Legislature


Revenue


303158


----


303158


9. Taxes on Vehicles


Revenue


9941


----


9941


16. Stationery and Printing


Revenue


20087


----


20087


17. Public works (Building


Revenue


43920


43920


----


30. Nutrition


Revenue


199329


----


199329


32. Other Social Services (Eccl)


Revenue


35145


----


35145


34. Agriculture


Capital


21996


-----


21996


36. Animal Husbandry


Capita


73396


---


73396


41. Food, Storage & Warehousing


Capital


182910


-----


182910


45. Power


Capital


578060


----


578060


49. Road Transport Services


Capital


5373


 


5373


Public Debt.


Capital


---


8051571


8051571


Total


 


1429395


8268123


9697518



By order of the Governor

T.D.RINZINg

Secretary to the Govt. of Sikkim

Law Department

F.No. 16(82) LD/2000.

GOVERNMENT OF SIKKIM LAW DEPARTMENT

GANGTOK – 737101

No. 24/LD/2000 Dated 16.12.2000

NOTIFICATION

The following Act of the Sikkim Legislative Assembly having received the assent of the Governor on 13th day of December , 2000 is hereby published for general information:-

THE SIKKIM CEILING ON GOVERNMENT GUARANTEES ACT, 2000

(ACT NO. 24 OF 2000)

An Act to provide for the authorization of appropriation of money out of the consolidated Fund of the State of Sikkim to meet the amount spent on certain services during the Financial Year ended on the 31st day of March , 1998in excess of the amount authorized or granted for the said services.

Be it enacted by the Legislature of the State of Sikkim in the Fifty-first Year of the Republic of India as follows:-

Short title.

1. This act may be called the Sikkim Appropriation Act, 2000.

Issue of Rs.54,284/- out of the Consolidated Fund of the State of Sikkim for the Financial Year ended on 31st March 1998.

2. The sum specified in column 5 of the Schedule amounting to fifty four thousand two hundred and eighty four rupees shall be deemed to have been authorized to be paid and applied from and out of the Consolidated Fund of the State of Sikkim to meet the amount spent for defraying the charges in respect of the services and purposes specified in column 2 of the Schedule during the Financial Year on the 31st of March, 1998 in excess of the amount authorized or granted for those services and purposes for the at year.

Appropriation.

3. The sum deemed to have been authorized to be paid and applied from and out of the consolidated Fund of the State of Sikkim under the is Act shall be appropriated and shall be deemed to have been appropriated for the services and purpose specified in the Schedule in relation to the financial Year ended on the 31st day of March , 1998.

THE SCHEDULE

(See Sections 2 and 3)
















































1


2


3


4


5


No of. Demand


SERVICES AND PURPOSES


(In thousand of Rupees) SUMS NOT EXCEEDING Voted by the Legislative Assembly


Charged on the consolidated Fund


Total


3. Administration of Justice


Revenue


-----


3546


3546


34. Agriculture


Capital


18415


-----


18415


49. Road Transport Services


Revenue


32323


----


32323


 


Total


50738


3546


54284



By order of the Governor

T.D.RINZINg

Secretary to the Govt. of Sikkim

Law Department

F.No. 16(82) LD/2000.
Act Type :- Sikkim State Acts
 
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