RT-964: Loans and Advances – Advances to Government Servants – Conveyance Advance Sri N. Komaraiah, Office Subordinate, Finance Department for purchase of Motor Cycle – Sanctioned – Orders – Issued.

GOVERNMENT OF ANDHRA PRADESH ABSTRACT Loans and Advances – Advances to Government Servants – Conveyance Advance Sri N. Komaraiah, Office Subordinate, Finance Department for purchase of Motor Cycle – Sanctioned – Orders – Issued. ------------------------------------------------------------------------------------------------------------ FINANCE (OP.I) DEPARTMENT G.O.Rt.No. 964 Dated:17-03-2012 Read the following: 1. G.O.(P) NO.175, Finance & Plg.(A&L) Department, dated 15.05.2010. 2. G.O.Rt.No.4170, Finance (A&L) Department, dated. 24-11-2011. 3. Application of Sri N. Komaraiah, Office Subordinate, Finance Department. ***** O R D E R : Under Art.230 of A.P.F.C. Volume-I, Government sanction an amount of Rs.60,000/-(Rupees sixty thousand only) to Sri N. Komaraiah, Office Subordinate, Finance Department towards Motor Cycle Advance for purchase of Motor Cycle as shown in the annexure to this order. 2. The sanction of the above advances is subject to the following conditions:- a) He should purchase Motor Cycle and pay for it within one Month from the date on which the advance was drawn failing which the full advance drawn together with the interest shall be refunded to the Government forthwith. No extension of time for completion of transaction will ordinarily be allowed. He should make sure themselves about the availability of the vehicle in the market before he draw the advance. b) If the actual price paid for Motor cycle is less than the advance drawn, the balance should be refunded to the Government. He should also produce the stamped receipt in token of having purchased the vehicles.’ c) He should execute and submit a mortgage bond in form 14 of the A.P. Financial Code Volume-I, as soon as the vehicle has been purchased with a report of date of insurance of vehicle. He should keep the Motor Cycle insured against loss or damage by fire, theft, accident etc., till the entire advance together with interest is repaid as stipulated in Art.230 of A.P. Financial Code Volume-I. He should effect the necessary insurance from the date of purchase of the vehicle. d) He should purchase a vehicle which is fit for comprehensive insurance and no third party insurance will be accepted. P.T.O.-2- 3. The principal of the advance is recoverable as shown in the annexure to this order. The recovery shall commence from the salary for the month of March, 2012 payable on or after 01-04-2012. After the Principal amount is completely recovered, interest @ 5% per annum will be charged and will be recovered in 5 monthly installments. If any portion of the advance or interest is outstanding on the date of retirement, the entire amount should be recovered in one lumpsum from the R.G. payable to the loanee. 4. The Insurance Policy should be forwarded together with a letter in Form 15 of the A.P.F.C. Vol.-I addressed to the Insurance Company with whom the vehicle is insured notifying of the fact that the Government are interested in the policy secured. The comprehensive insurance policy should be renewed every year till the loan is liquidated. 5. The advance sanctioned in respect Sri N. Komaraiah, Office Subordinate is the second of its kind and it is certified that he have not drawn any other conveyance advance during the preceding five years. 6. Surety bond need not be obtained from the individual since they are approved probationers. 7. The expenditure shall be met from out of the funds released to the Finance Department in the reference 2nd read above and be debited to the Head of Account “7610. Loans to Government Servants, 202. Advances for purchase of Motor Cycle conveyances, SH (05) Loans for purchase of Motor Cycle Advance”. 8. Finance (Claims) Department are requested to draw and disburse the amount to the individual’s Bank Account through ECS. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) Dr. P.V. RAMESH PRINCIPAL SECRETARY TO GOVERNMENT (R&E) To The individual concerned. Copy to: The Finance (Claims) Department. The Deputy Pay and Accounts Officer, Secretariat Branch, Hyderabad. The Principal Accountant General (A&E), Andhra Pradesh, Hyderabad. SF/SC’s. //FORWARDED:: BY ORDER// SECTION OFFICER