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ACT II OF 2020 ACT II OF 2020 BALOCHISTAN HOUSING AND TOWN PLANNING AUTHORITY ACT, 2020 An Act to provide for the establishment of Housing and Town Planning Authority in the Province of Balochistan [Gazette of Balochistan Extraordinary, 10th September, 2020] No. PAB / Legis; V(18) / 2019, dated 10.9.2020.---The Balochistan Housing And Town Planning Authority Bill, 2019 (Bill No.18 of 2019), having been passed by the Provincial Assembly of Balochistan on 10th August, 2020 and assented to by the Governor, Balochistan on 10th September, 2020 is hereby published as an Act of the Balochistan Provincial Assembly. Preamble.---WHEREAS, it is expedient to establish an authority for Housing and Town Planning in order to provide shelter to the shelter less and to establish a comprehensive system of town planning at regional, district, tehsil or union council level, as such to ensure systematic, integrated growth of urban and rural areas in the Province of Balochistan and to make provisions for matters connected therewith and ancillary thereto: It is hereby enacted as follows:- CHAPTER-V DIRECTIONS BY GOVERNMENT 16. Borrowing money.---(1) The Authority shall be deemed to be a local authority for the purpose of borrowing money and any scheme or project prepared or undertaken by the Authority shall be deemed to be "work", as defined in section 2 of the Local Authorities Loans Act, 1914 (Act IX of 1914): Provided that no local or foreign loan shall be obtained by the Authority without the prior approval of the Government. (2) The Authority may, in consultation with the Finance Department, Government of Balochistan, borrow money or raise funds by issuing bonds or debentures or otherwise for carrying out the purposes of this Act, at such rate of interest as may be approved by the Government.