Madhya Pradesh Reorganisation Act : Floating loans. Indian Bare Acts :

Madhya Pradesh Reorganisation Act,2000

Act No : 28

Section : Floating loans.

45. Floating loans.-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.