| Act ID: | 201111 |
| Act Number: | 11 |
| Enactment Date: | 2011-04-06 |
| Act Year: | 2011 |
| Short Title: | The Meghalaya Infrastructure Development Finance Board Act, 2011 (Act No. 11 of 2011) |
| Long Title: | An Act to provide for constitution, establishment, and sustained operation of a Board for financing of all types of infrastructure in the State and to provide for matters connected therewith or incidental thereto. |
| Ministry: | Ministry of Law Department |
| Department: | Law Department |
| Type: | STATE |
| Location: | Meghalaya |
Schedule 1. Schedule I (See Section 2 (o))(0) Government Agency means a corporation or a body owned or controlled . by the State Government or an authority established by or under any law and includes Local Authority; |
Schedule 2. Schedule II (See Section 2 (i) 24 (5))(i) Concession Agreement means the agreement of the nature and parameter specified in Schedule II that may be entered by and between the Concessionaire and the State Government, the Government Agency or the Specified Government Agency; (5) The Board shall ensure that any Concession Agreement or arrangement formulated by Board is in consonance with the nature and parameters given in Schedule II and contains all necessary covenants to take care of the risks associated with the concerned Bankable Project and that the Concession Agreement or arrangement shall strive for the optimum contractual structure with regard to the need to balance the risks of stakeholders, maximize efficiency and minimize costs as may be prescribed. |
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Schedule 1. Schedule I (See Section 2 (o))
(0) Government Agency means a corporation or a body owned or controlled . by the State Government or an authority established by or under any law and includes Local Authority; |
Schedule 2. Schedule II (See Section 2 (i) 24 (5))
(i) Concession Agreement means the agreement of the nature and parameter specified in Schedule II that may be entered by and between the Concessionaire and the State Government, the Government Agency or the Specified Government Agency; (5) The Board shall ensure that any Concession Agreement or arrangement formulated by Board is in consonance with the nature and parameters given in Schedule II and contains all necessary covenants to take care of the risks associated with the concerned Bankable Project and that the Concession Agreement or arrangement shall strive for the optimum contractual structure with regard to the need to balance the risks of stakeholders, maximize efficiency and minimize costs as may be prescribed. |