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{
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"act_title": "The Local Authorities Loans Act, 1914",
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"act_no": "IX",
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"act_year": "1914",
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"publication_date": "19/07/2025",
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"sections": [
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{
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"section_content": "1.(1) This Act may be called theLocal Authorities Loans Act, 1914.(2) \tIt extends to the whole of1[Bangladesh]."
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},
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{
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"section_content": "2.\tIn this Act, \"local authority\" means any person legally entitled to the control or management of any local or municipal fund, or legally entitled to impose any cess, rate, duty or tax within any local area;\"funds\", used with reference to any local authority, includes any local or municipal fund to the control or management of which such authority is legally entitled, and any cess, rate, duty or tax which such authority is legally entitled to impose, and any property vested in such authority;\"prescribed\" means prescribed by rules made under this Act; and\"work\" includes a survey, whether incidental to any other work or not;2[* * *]"
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},
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{
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"section_content": "3.(1) A local authority may, subject to the prescribed conditions, borrow on the security of its funds or any portion thereof for any of the following purposes, namely:-(i) \tthe carrying out of any works which it is legally authorized to carry out,(ii) \tthe giving of relief and the establishment and maintenance of relief works in times of famine or scarcity,(iii) the prevention of the outbreak or spread of any dangerous epidemic disease,(iv) \tany measures which may be connected with or ancillary to any purposes specified in clauses (ii) and (iii),(v) \tthe repayment of money previously borrowed in accordance with law:Provided that nothing in clause (v) shall be deemed to empower a local authority to fix a period for the repayment of any money borrowed thereunder which, when the period fixed for the repayment of the money previously borrowed is taken into account, will exceed maximum period fixed for the repayment of a loan by or under any enactment for the time being in force:Provided further that, in the case of loans other than loans made by the Government, no amount exceeding twenty-five lakhs of3[Taka] shall be borrowed unless the terms, including the date of flotation, of such loan have been approved by the Government.(2) Nothing in this section shall be deemed to authorize any local authority-(a) \tto borrow or spend money for any purpose for which, under the law for the time being in force, it is not authorized to apply its funds, or(b) \tto borrow money by means of the issue of bills or promissory notes payable within any period not exceeding twelve months."
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},
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{
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"section_content": "4.(1) The Government, may make rules consistent with this Act as to-(i) \tthe nature of the funds on the security or which money may be borrowed;(ii) \tthe works for which money may be borrowed;(iii) \tthe manner of making applications for permission to borrow money;(iv) \tthe inquiries to be made in relation to such loans, and the manner of conducting such inquiries;(v) \tthe cases and the forms in which particulars of applications and proceedings, and orders thereon, shall be published;(vi) \tthe cases in which the Government may make loans;(vii) \tthe cases in which local authorities may take loans from persons other than the Government;(viii) the manner of recording and enforcing the conditions on which money is to be borrowed;(ix) \tthe manner and time of making or raising loans;(x) \tthe inspection of any works carried out by means of loans;(xi) \tthe instalments, if any, by which loans shall be repaid, the interest to be charged on loans, and the manner and time of repaying loans and of paying the interest thereon;(xii) \tthe sum to be charged against the funds which are to form the security for the loan, as costs in effecting the loan;(xiii) the attachment of such funds, and the manner of disposing of or collecting them;(xiv) the accounts to be kept in respect of loans;(xv) \tthe utilization of unexpended balances of loans either in the reduction in any way of the debt of the local authority, or in carrying out any works which that authority is legally authorized to carry out; and the sanction necessary to such utilization;and as to all other matters incidental to carrying this Act into effect.(2) [Repealed by section 2 and Schedule I of the Devolution Act, 1920 (Act No. XXXVIII of 1920).](3) \tAll rules made under this Act shall be published in the official Gazette, and on such publication, shall have effect as if enacted in this Act."
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},
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{
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"section_content": "Provided that no such attachment shall defeat or prejudice any debt for which the funds attached were previously pledged in accordance with law; but all such prior charges shall be paid out of the proceeds of the funds before any part of the proceeds is applied to the satisfaction of the liability in respect of which such attachment is made."
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},
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{
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"section_content": "5.\tIf any money borrowed in accordance with the provisions of this Act or any interest or costs due in respect thereof, is or are not repaid according to the conditions of the loan, the Government, if itself the lender, may, and, if the Government is not the lender, shall, on the application of the lender, attach the funds on the security of which the loan was made. After such attachment, no person, except an officer appointed in his behalf by the Government, shall in any way deal with the attached funds; but such officer may do all acts in respect thereof which the borrowers might have done if such attachment had not taken place, and may apply the proceeds in satisfaction of the loan and of all interests and costs due in respect thereof and of all expenses caused by the attachment and subsequent proceedings:"
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},
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{
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"section_content": "6.(1) Subject to the provisions of4[Article 16 ofBangladesh Bank Order, 1972(P. O. No. 127 of 1972),] the local authorities mentioned in Schedule I and any other local authority to which the Government may, by notification in the official Gazette, extend the provisions of this section, may, with the previous sanction of the Government borrow money by means of the issue of bills or promissory notes payable within any period, not exceeding twelve months, for any purpose for which such local authority may lawfully borrow money under any law for the time being in force:Provided that the amount of the bills or promissory notes which may be so issued, shall not exceed, when the amount of the other moneys for the time being borrowed by such local authority is taken into account, the total amount which such local authority is empowered by law to borrow.(2) \tThe Government may, by general or special order, regulate the conditions on which money may be borrowed or repaid under this section."
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},
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{
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"section_content": "7. Except as provided by or under this Act, no local authority shall, for any purpose, borrow money upon, or otherwise charge its funds; and any contract otherwise made for that purpose after the passing of this Act shall be void:Provided that nothing herein contained shall be deemed-(a) \tto preclude any local authority from exercising the borrowing powers conferred on it by any special enactment now or hereafter in force; or(b) \tto affect the power conferred on any local authority by any such enactment to charge its funds, by guaranteeing the payment of interest on money to be applied to any purpose to which the funds of the local authority can legally be applied."
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},
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{
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"section_content": "8. \t[Omitted by section 3 and 2nd Schedule of theBangladesh Laws (Revision And Declaration) Act, 1973(Act No. VIII of 1973).]"
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},
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{
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"section_content": "9.\t[Repealed by section 2 and Schedule of the Repealing Act, 1927 (Act No. XII of 1927).]"
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}
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],
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"footnotes": [
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{
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"footnote_text": "1The word \"Bangladesh\" was substituted, for the word \"Pakistan\" by section 3 and 2nd Schedule of theBangladesh Laws (Revision And Declaration) Act, 1973(Act No. VIII of 1973)"
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},
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{
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"footnote_text": "2The definitions \"the Government\" or \"the appropriate Government\" were omitted by section 3 and 2nd Schedule of theBangladesh Laws (Revision And Declaration) Act, 1973(Act No. VIII of 1973)"
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},
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{
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"footnote_text": "3The word \"Taka\" was substituted, for the word \"rupees\" by section 3 and 2nd Schedule of theBangladesh Laws (Revision And Declaration) Act, 1973(Act No. VIII of 1973)"
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},
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{
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"footnote_text": "4The words, commas and figures \"Article 16 ofBangladesh Bank Order, 1972(P.O. No. 127 of 1972),\" were substituted, for the words, comma and figures \"section 26 of the Indian Paper Currency Act, 1910,\" by section 3 and 2nd Schedule of theBangladesh Laws (Revision And Declaration) Act, 1973(Act No. VIII of 1973)"
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}
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|
],
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|
"copyright_info": {
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"copyright_text": "Copyright©2019, Legislative and Parliamentary Affairs DivisionMinistry of Law, Justice and Parliamentary Affairs"
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},
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"source_url": "http://bdlaws.minlaw.gov.bd/act-print-103.html",
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|
"fetch_timestamp": "2025-07-19 02:07:44",
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"csv_metadata": {
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"act_title_from_csv": "The Local Authorities Loans Act, 1914",
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"act_no_from_csv": "IX",
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"act_year_from_csv": "1914",
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"is_repealed": false
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},
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"token_count": 1517,
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"language": "english",
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"government_context": {
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|
"govt_system": "British Colonial Rule",
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|
"position_head_govt": "Governor of Bengal",
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|
"head_govt_name": "Lord Carmichael (Thomas Gibson-Carmichael)",
|
|
"head_govt_designation": "Governor of Bengal Province",
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|
"how_got_power": "British Crown appointment",
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|
"period_years": "1912-1917",
|
|
"years_in_power": 5
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|
},
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|
"processing_info": {
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"processed_timestamp": "2025-07-19 19:33:18",
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"enhanced_with_reducer": true,
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"enhanced_with_govt_context": true,
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"language_detected": "english",
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"token_count": 1375,
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"legal_context_added": true,
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"legal_context_timestamp": "2025-07-19 20:26:24",
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"year_standardized": true,
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"year_standardization_timestamp": "2025-07-19 20:35:48",
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"token_count_updated": true,
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"token_count_update_timestamp": "2025-07-19 20:56:00",
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"previous_token_count": 1375,
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"accurate_token_count": 1517
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},
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"legal_system_context": {
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"period_info": {
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|
"period_name": "British Crown Rule",
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|
"year_range": "1858-1947",
|
|
"act_year": 1914
|
|
},
|
|
"legal_framework": {
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|
"primary_laws": [
|
|
"Government of India Act 1858",
|
|
"Indian Penal Code 1860",
|
|
"Code of Civil Procedure 1908",
|
|
"Evidence Act 1872"
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|
],
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|
"court_system": [
|
|
"High Courts (1861)",
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|
"District Courts",
|
|
"Magistrate Courts"
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|
],
|
|
"legal_basis": "Codified British-Indian legal system",
|
|
"enforcement_mechanism": "Imperial Police Service and civil courts"
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|
},
|
|
"government_system": {
|
|
"type": "Crown Colony Administration",
|
|
"structure": "Viceroy and provincial governors",
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|
"revenue_collection": "Imperial taxation system",
|
|
"administrative_units": [
|
|
"Provinces",
|
|
"Districts",
|
|
"Sub-districts"
|
|
]
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|
},
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|
"policing_system": {
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|
"law_enforcement": "Police Act 1861 - structured police force",
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|
"military_police": "Imperial Police Service",
|
|
"jurisdiction": "Provincial police under colonial control"
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|
},
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|
"land_relations": {
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|
"tenure_system": "Zamindari, Ryotwari, and Mahalwari systems",
|
|
"property_rights": "Colonial property law framework",
|
|
"revenue_system": "Land revenue administration",
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|
"peasant_status": "Various tenant classes with limited rights"
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},
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|
"key_characteristics": [
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|
"Codification of laws (Penal Code, CPC, Evidence Act)",
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|
"Structured civil service system",
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|
"Constitutional developments (1909, 1919, 1935 Acts)",
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"Bengal Tenancy Act 1885 and amendments",
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"Emergency powers and martial law provisions"
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],
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"context_added_timestamp": "2025-07-19 20:26:24"
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}
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} |