RT-511: LOANS AND ADVANCES – Advance to Government Servants for House Building Purpose – House Building Advance (Repairs) to Sri R. Shiva Prasada Reddy, Office Subordinate, Law Department – Sanctioned – Orders – Issued.

GOVERNMENT OF ANDHRA PRADESH A B S T R A C T LOANS AND ADVANCES – Advance to Government Servants for House Building Purpose – House Building Advance (Repairs) to Sri R. Shiva Prasada Reddy, Office Subordinate, Law Department – Sanctioned – Orders – Issued. = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = LAW (M.II) DEPARTMENT G.O.Rt.No. 511 Dated:14.03.2012. Read the following:- 1) G.O.Rt.No.468, Law, dated:13.03.2007. 2) G.O.Rt.No.1971, Fin. (A&L) Dept., dated:06.05.2011. 3) G.O.Rt.No.2743, Fin. (A&L) Dept., dated:18.07.2011. 4) From Sri R. Shiva Prasada Reddy, Office Subordinate, Law Department, Application dated:05.11.2012. -o0o- O R D E R: Under Article 233-A of Andhra Pradesh Financial Code Volume-I and the rules for the grant of loans to Government servants for house building purposes, Government hereby sanction an amount of Rs.2,00,000/- (Rupees two lakhs only) to Sri R. Shiva Prasada Reddy, Office Subordinate, Law Department towards House Building Advance (Repairs) for first time. 2. The sanction of advance is subject to the following conditions:- (i) The advance sanctioned in para (1) above is payable to the individual in one lump sum on production of Plans and estimates by the individual and the execution of mortgage deed (Form-X) in favour of the Government. (ii) He should carry out repairs within 6 months from the date of drawal of the advance failing which he will be liable to refund the entire amount of advance together with interest thereon in one lump sum. (iii) The principal of the advance is ordered to be recovered in 75 monthly installments @ Rs.2,420/- in the first installment and remaining 74 monthly installments at Rs.2,670/- per month. After the principal amount is completely recovered interest at the rate of 5.5% per annum (simple interest) shall be charged and it will be recovered in 15 installments. The recovery of advance granted for carrying out repairs etc., to the house flat shall commence from the sixth month following the drawal of advance. (iv) He should submit within 6 months from the date of drawal of advance utilization certificate and completion report from a competent local authority not lower in rank than a Deputy Executive Engineer (Civil) to the effect that the repairs have been carried out strictly in accordance with the plan and estimates furnished by him, failing which penal interest will be imposed from the date of drawal of the advance to the date of submission of the above certificate. (v) The loanee who has already mortgaged the house in favour of the Government towards security for the advance already paid for the purpose of construction/repairs of house sanctioned in the reference 1st read above should execute an additional mortgage deed (Form X or XI) in favour of the Government covering the additional advance taken from the Government towards repairs. Contd…2:: 2 :: (vi) Immediately after the completion of the repairs/extensions and alterations, should execute an additional insurance covering the additional advance taken from the Government towards Repairs and extensions etc., against damage by fire, flood, cyclone or lightning years after years for a sum not less than the balance amount of the loan and interest outstanding as on date of insurance, till the advance with interest due thereon is fully repaid to Government and deposit the policy with Government. (vii) The house must be maintained in good condition at his own cost and he shall continue to pay all municipal and local taxes regularly until the advance has been repaid in full and kept the house free from all encumbrances. 3. Any amount drawn in excess of the expenditure actually incurred shall be refunded to the state funds forthwith, together with interest due on it, if any. 4. It will be open to the grantee to repay the amount in shorter period if he so desires. The balance of advance with interest if any remaining unpaid on the date of retirement shall be recovered the whole or any specified part of the Death-cum- Retirement Gratuity that may be sanctioned to him. 5. In case the grantee does not repay the balance of the advance due to Government on or before the date of retirement it shall be open to the Government to enforce the mortgage any time thereafter to recover the balance of advance due together with interest. The recovery of the advance shall be affected through the monthly pay/leave salary bill of the grantee. If the grantee ceases to be in service for any reasons other than the normal retirement, the advance shall become payable to Government forthwith. Failure on the part of the grantee or his successor to repay the advance for any reason whatsoever, will entitle the Government to enforce the mortgage or to take such other action as may be permissible under law. 6. The amount sanctioned in para 1 above, shall be met from the Funds allotted in the references 2nd and 3rd read above and shall be debited to “7610 – Loans to Government Servants, MH. 201 – House Building Advance, SH (05) – Loans to other Officers, 001 – Loans to other officers”. 7. The Law (Claims) Department are requested to draw and disburse the amount to the individual. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) R. DAMODAR, Secretary to Government, Legal Affairs. To Sri R. Shiva Prasada Reddy, Office Subordinate, Law Department. Copy to: The Deputy Pay & Accounts Officer, A.P., Hyderabad. ,, The Accountant General, A.P., Hyderabad. ,, The Law (Claims) Department (2 copies). ,, The P.S. to Secretary, Legal Affairs. ,, S/f and S/c. //Forwarded:: By Order// SECTION OFFICER