" ~ ' l ) , ~  blii '0 '1of i'" (supply) amendment bill, 1966bill  :?~ ~ further to amend the ezectricity (suppzy) act 1948 ,~ it enaeted by parliament in the seventeenth year of the ::1iiipiblic of india as follows:-••• ,l;l this act may be called the electricity (supply) amendment short  1866 title after section 1 of the electricity (supply) act, i948 (herein- insertion  to as the princip,ai act), the following ~od shall be :!c~~:n namely: -" la ,'  ~ - ij" the provislo •• of this act rela"  to state electricit, •·  1 •• lalda ceased to jaave drcct ba tile vaioa territory of el'ect &om the 7tja apru, 19s8, b, virtue of sectioa dae dellai municipal coroporation act, 19s7, slaall revive  codle iato iorce fn tlaat vfod tel'l'ltol'j _ sucla date  tlae provisions of act reltid, to state electricity board8 state goyer  meat may, by  otificatfonln the ofticial gazette, appomt, 10, ho"ev~, that ia their application to that union territol'j;the laid provisions shall be subject to the modifica tlo  , apecl1lccll:a tlae te  th schedule" -to revive in the union territory ofn-illu and appky thereto with certain modulea- , tions j after tho: ninth schedule to th'! principal act, the following 5 schedule shan be inserted, namely:-insertion of new tenth schedule  'the tenth schedule (see section la) 1 section 5-for section 5, substitute-10 is constitution and composi- lioo of state eleetri_ cit)' board "5 (1) the state government shall, as soon as may be after the issue of the notification under section la constitute, by notification in the official gazette, a state electricity board under such name as' shall ·be specified in the notification   !_ ,,0' oj ~~ iphe board shan consist of a chairman to be appointed ·b, the  state': government· and ftve: othef' members of whom-(a) two shall be elected by the members of the m«:tropolitan council of delhi from among themselves; 20  (b) one shall be elected by thememhe:s of the municipal corporation of delhi from amo?8 themselves: (e) two shall be appointed by the state govemment  'i o 4 (3) the chairman and the two members appointed by 1 the state government shall be fulltime members, and of 2~ them-(a) one shall be a person who has experience of and hu ahown capacity in, commercial matters and admfnfstration; (b) one shali be ~ ,~~trica(enpeerof wide ex-perience; and (c) the other shall be a person who hal experience of accounting and financial matters in a public utility undertaking, preferably an el~icity supply undertaki n& ~4) a ~rson shall be disqualllled for being appointed q a member of the board if he is a member of parliament or of any state legislature ~ :,, r -ii') (5) no act done by the board shall be called in question on the ground only of the exj·tedi:e ~  any vacancy in, or any defect in the constitution of, th~ board~"  , 2 section6 gng 7-~ t: ~  ;  omi~ectio~ 6 and 7 "  ~  - , 3 section s:-for "re-appointment", substitute "re-appointment or, as' the case- may be, re-election"   ~  4 section 10- ; i  ~'}  (a) in sub-section (1) in clause (d) , omit "or any local authority"; (b) in sub-section (3), for "appointed", substitute "appointed or, as the case may be, elected"; (c) in sub-section (4), for "re-appointment", substitute c"re-appointment or re-election"; (d) in sub-section (5) ,for "and appoint a' chairman and members in their places", substitute "and reconatitute the board in accordance with the provisions of section 5~' ii'or "or any other member of the board", substitute "or any other member of the board appointed by the state government" (4) for sub-section (1), substitute-: cc (1) the state government shad constitute a state electricity consultative council for the state"; in sub-section (2), omit "or the state governments d~ii'ft •• t" wherever occurrin" and "or thidk" 7 section 18--after clause (a), insert-"(00) to carry out any scheme for the generation and supply of electricity prepared and sanctioned in relation to the union territory of delhi or any part thereof by any s competent authority before the constitution ot the board and execute any work undertaken in pursuance of any such scheme;" 8 new section 18a-after section 18, insert-10 "18a without prejudice to the provisions of section 18, the board shall be bound to provide bulk supply of eleetricity for the municipal corporation of delhi, the new delhi municipal committee and the militaiy "engineer services, delhi cantonment, up to the quantity demanded by each of is these authorities or, if the total demand is in excess of the ,available supply, up to such proportion in the case of each of these authorities as the board may, with the approval of the state government, determine  \ "" ' ~,  ';': board to provide bulk supptyof electricity for muni-cipal corporatio:: of delhi, new delhi municipal-committee and military ,"" engineer services, delhi cantonment 9 section 60-in sub-sections (1) and (2), for "under sub-section (4) of section 1", substitute "under section la" 10 section 61-(a) in sub-section (3), for "on the table of the house or, as the case may be, houses of the state legislature", substitute "before the metropolitan council of delhi"; '(b) in sub-section (4), for "state legislature", " metropolitan counctl of delhi" 11 section 63-omit "with the approval of the state legislature," 12 section 6~ ,in sub-section (3), omit "with the approval of the state legislative assembly,", 13 section 66-_ r:::, omit the proviso " 14 section 69-in clause (a) of sub-section (5), (or "state legislature", substitute "metropolitan council of delhi" 15:- section 75-5 in sub-section (la), for"state legislature", substitute "metro-politan council of delhi" -16 section 78-in clause (a) of sub-section (2), for "re-appointment", substitute "re-appointment or re-electioli" 17 new sections 83a, 83b, and 8~c-after section 83, insert-"fi3a as soon as may be after the issue of the notifi- power of cation under section la, but before the constitution of the state board under section 5, the state government shall, after con- govetrnt -   mm 0 sultation with the municipal corporation of delhi, deter- determine mine--stores, articles, (ii) which stores, articles and other movable proetc~ perties belonging to,or vej;ted in,the municipal corporation of delhi for the purpose of the· delhi electric supply undertaking, are being used or utilised, or are required, by the municipal corporation of delhi,for the generation of power or for the maintenance, repair or extension of generating stations, main transmission lines of 33 kv and above and sub-stations receiving power from such transrn ission lines; (b) which debts, obligations and liabilities have been incurred, which contracts have been entered into and what all matters and things have been engaged to be done by, with or for the municipal corporation of delhi in relation to the stores, articles and other movable properties referred to in clause (ii) or in connection with the generation of power or in connection with the maintenance, repair or extension of generating stations, main transmission lines of 33 kv and above and sub-stations receiving power from such transmission lines; (e) which officers and other employees of the municipal corporation of delhi ~re serving that corporation and are required in connection ~ith the generation of   power or in connection with the maintenance, repair or extension of generating stations,main tra, smission lines of 33 kv and above aad sub-stations receiving power from such transmission lines or in connection with any matter incidental to such generation, maintenance, s repair or extension  83b on the constitution of a board under section 5,-vesting of certain properties in the board, provision regarding debts, obugationa, etc (ii) all generating stations, main transmission lines of 33 kv and above and works pertaining th~eto, all sub-stations receiving power from such transmission 10 lines and all interests of 'whatsoever nature and kind therein, belonging to or vested in the municipal corporation of delhi for the purpose of the delhi electric 1 supply undertaking immediately before such constitution, shall vest in the board; r 1j , (b) all stores, articles and other movable proper-"ties referred to in clause (a) of section 83a shall vest jn the :poard; (c) all debts, obligations and liabilities, all eontracta and all mltters and things referred to in clause (b) of section 83a and subsisting immediately before sqch coi)stitution shall be deemed to have been incurred, entered into or engaged to be done by, with or for the board; (d) all suits, prosecutions and other legal proceedings ij)stituted or which might have been instituted by or against the municipal corporation of delhi immediately before such constitution in relation to the pro-  perties and interests therein vested in the board under clauses (a) and (b) may be continued or instituted by or against the board; (e) all bye-laws relating to electric supply made by the municipal corporation of delhi under subsection (1) of section 481 of the delhi municipal corporation act, 1957, and in force immediately before ruch constitution shall, in so far as they relate to any matter pertaining to the functions of the board  and are not inconsistent with the provisions of this  act, continue to be in force and be deemed to be regulations made by the board under section 79 unlels and until they are superseded by regulations made und" , that ec:tiod; (f) notwithstanding anything contained in section 15, every officer and other employee of the municipal corporation of delhi referred to in clause' (e) of section pa shall be transferred to and be~ome an offtcer or other employee of the board with 'such des1~a­tion as the board may determine and shall hold ofllce ·by the same tenure, on the same' remuneratiqn, and under the same terms and conditions of service as he would have held the same if the board had not been constituted, and shall continue to be so unless and until such tenure, remuneration add terms and conditions of service are duly altered by th~ ~1-d:   provided that the tenure, remuneration and terms and conditions of service of ,any sllch ofticer or other employee shall not be altered to his disadvantage without the approval of the cpqt"11 government: provided further that any service rendered by any such a>fftcer or other employee before the constitution of the board shall be deemed to be service rendered under the board; "'1" - (g) the municipal corporatlon at delhi shall, in respect of the supply of electricity at a voltage below 33 kv in delhi [as defined in clause (10) of section 2 of the delhi municipal corporation act, 1957], continue to have all the powers and obligations of a licensee under the indian electricity act, 1910, and this act shall' be deemed to be the licence of the municipal corporation of delhi for such supply, for the purpoees of that act 8ac (1) where the sum total of the value of the pro- payment perties and interests therein vested in the board under ot clauses (a) and (b) of seetio!" rsb (h~"fter in th!1 valetsue of d , ass an section referred to as 'the assets ) exceeds the sum total of liabilities the debts, obligations and liabilities which are deemed to have been incurred by the board under clause (e) of that iection (hero-after in this section referred to as ~the pab"it;es'), such excess shall be treates! as i loan made to the soard by the municipal corporation of delhi and such loan 8h~11 be fe- paid by the board to the municipal corporation of jlelht on such terms and ~nditions as may be determined by ao ,cent ra' government in this behalf (2) notwithstanding anything contained in sections 67 and 68, the loan referred to in sub-section (i) shalt be re-paid by the board to the municipal corporation of delhi from the depr~ciation reserve created under section 68 and any further amount that may be necessary for such payment shall s be paid from the balance referred to in clause (x) of section 87 (3) where the sum total of the liabilities exceeds the sum total of the value of the· assets such excess shall be paid by the municipal corporation of'delhi to the board {)n 10 such terms and conditions as may be determined by the central government in this behalf :, (4) if there is a dispute between the municipal corporation of delhi and the board relating to the value of the i~ assets or the sum tot1' of the liabilities, such dispute shall be 15 determined by ar bitration (5) for the purpose of this section, ''value'o-(a) in relation to any generating station or main transmission line, means the value of such generating ~ station or main transmission line as determined in accor- 2  dance with the provisions of the fourth schedule; i"'" , (b) id relation to any other property or interest therein, means such sum as may be certified by an audi-  tor appointed by the state government in this behalf i to have- been the amount properly incurred on and inci- 2 dental to the acquisition of such property or interest"'  on the 18th august, 1965 in reply to a starred question in the lok sabha, the important changes contemplated in the organisational set up of the municipal corporation of delhi wete indicated by the government it was then stated that the existln« delhi blectric supply ul'ldertak;rg would be tep"ced' by' a statutory board which would generate power and make bulk supplies to the local bodies for distribution to consumers this bill has been brought forward to give effect to that proposal ~"                                                                                                                                                       --  _                                                                                                                                        ····_··1 ' 2 under section 286 of the delhi municipal corporation act,  195'1, the provisions of tlle electricity (supply) act, 1948, relatidg  to state electricity boards ceased to have effect in the union terri- tory of delhi from the date the                                                            corporation was                                                                                               est8blished   clause 2 of the bill seeks to re'\rive and bring into force these pro- visions in the union territory of delhi subject to the modifications  specified ojn the schedule to the biii the important modifications  are as follows:-i,:'                 (1) having regard to the special requirements of                                                                                                      delhi         paragraph 1 of the schedule seeks to modify section 5- of the                                   act so as to provide that the board will consist of     member~ of these two will be elected by the members of '     metropolitan council of delhi and one by the members of  the municipal corporation of delhi, from among                                               themselves   ',the remaining three mf'mhcr:: including the chairman will be  appointed bv the state government (2) paragraphs 10 14 and 15 of th~ schedule seek to modify the provisions of sect!ons 61 69 and 75 of the electricity  (supply) act, 1948 so as to provide for' the annual ftnancial i statement, the accounts together with the audit report th~reon and the annual reports of the board being placed before the council of delhi (3) the functions of generation and bulk supply of ele~-~:ity of the existing delhi electric supply unde~nr wjll taken over by the board provision has been made in the section 83b proposed to be inserted by paragraph 17 at to the effect that all generating ltations, translines' of 33 kv and above and all other works pertaining thereto, including sub-stations receiving supplies from such transmission lines, will be vested in the board and all debts, liabilities and obligations incurred by the municipal corporation of delhi in relation to such assets would be deemed to have been incurred by the board provision has also been qlade in that section for the allocation of the ofticers and other \ employ~s of the delhi electric supply undertaking between the corporation and the board paragraph 17 of the schedule also seeks to insert another new section s3c to make provision for determination of the value of assets transferred to the bo~l'd' a~d for t~e_ ftnaj¥:ial adjustment between 'the board and " -~ tliecorporation re~~ding- the difference between the value of assets and the sum total of· liabilities,  ~new,p~i g l nani'a  th~ j 2u't august, 1c)66 -  l: , ,"  president's recommendation under article 117 of tile constitution of indiarcopy of letter no 3/3/66-sr, dated the 23rd august, 1966 from shri jai sl@! ~t~a~~ of stale in the ministry of home affairs to the secretary, lok sabha] the president having been informed of the sub,ect matter of the bill further to amend the electricity (supply) act, 1948, recommen~, under clauses (i) and (3) of article 117 of the constitution, the introduction of the said bill in and its consideration hy the lok sabha  financial memor,\~dumsection 16 of the electricity (supply) act, 1948 provides for the consti tution of a state eltctricity ccnsultative council consisting of members of tht board and such other persons, being not less than seven and not more than fifteen, as the state government may appoint after consultation with bodie', ! or representatives of the interests specified therein section 17 of the act makes provision for constitution for local advisory committees·for such , ilreas as the state government may determine under section 78 of the act ~(; the state government may make rules providing inler alia for the term, and ri';lconditions of appointment of members of the state electricity consultative ~f council and local advisory committees , s~ction 60 of the act, as proposed to be modified by _paragraph 9 of the " to the bill, provic1es that all expenditure which the' state govern-'ment (central government in the case of the union territory of delhi) may, later th'ld two months after the first constitution of the board, declare to , have been incurred before the issue of the notification under section ia on capital account in connection wi$ the purposes of the act shall be deemed ' '"fo be a loan advanced to the board under section 64 section 63 of the act as modified by paragraph i i of the schedule provifor making of subventions to the board on such terms and conditions as "state government may determine section 64 of the act provides 'state government may from time to time advance loans to the board terms and conditions as that government may determine - section 66 of the act provides for guarantee of the payment of the principal interest of any loan proposed to he raised by the board or of either the or the intel"est the rules made under section 78 of the act regarding the terms and mtllons of appointment of members of a state electricity consultative and local advisory committees may also provide for payment of to these members tor attending the meetings of the council and it is estmated that the expenditure on this account will rupees two thousand per annum expenditure is likely to be incurred under section 60 as the functions to be entrusted to the board would continue to be discharged by the delhi electric supply undertaking until they are transferred to the board no subventions have been made by the central government to that undertaking so far nor is it likely that any subvention will be made to the bomj to meet the capital requirements of the undertaking, loans amounting to rs4,is,68t4oo and rs 6,r3 40,000 were advance~ to it by the central government during the years 1964-65 and 1965-66 respectively and a provision of rs 700 lakhs has been made for that purpose during the current financial year, i  e 1966-67 a substantial part of such loan assistance will have to be made ava~1able to the board when it is constituted, to meet i~ n:quiremen~  memorandum regarding delegated legislationsection 78 of the electricity (supply) act, 1948 provides for the making of rules to give effect to the provisions of the act and subsection (2) of that section provides for the matters with respect to which rules may be made these matters intet alia include the 'powers of thechairman and the term of o8ice of tbechairman and other members of the board, the conditions under which they shall  be eli_bie for reappointment and their remuneration, allowances and other conditions of service, the conditions subject to which the  board may borrow under section 65, the manner in which stock ;;iirs'i&cu by the board shall be issued, transferred, dealt with and re-i·u"~'ii:ou and the business of the board upon which the local advi- p1 committees concerned shall be codsulted paragraph 15 of schedule to the bill seeks to modify sub-section (2) of section so as to empower the state government to make rules also rethe conditions under which the elected members of th(~  board shall be eligible for re-election 2 section 79 of the said act empowers the board to make repjlatllons not inconsistent with the act and the rules made thereto provide for all or any of the matters specified therein matters inter alia include the administration of the funds and property of the board and the maintenance of its accounts, bluutonin2 and holding of meetings of the board, the time and which such meetings shall be held, the conduct of business and the number of members necessary to constitute a and the duties of officers and servants of the board and salaries, allowances and other conditions of service the matters with respect to which rules under section 78 (inthe conditions under which the elected members of the shall be eligible for re-e-iection) and the regulations under 79 may be made are matters of a rou&e nature or of and the delegation of legislative power is therefore, of a character  extracts from the electricfiy (supply) act, ·1948(54 of 1948) - - -  '  ,chapter m ,1,:t ,  , 5 (1) the state government mall as soon"as may:be'rafier th~ issue· of ~h~ notification udder sub-6ection (4) ·of ·sectioh' j;, "eonstitu~ 'by not~ftcation in the ojilcial gezette a state electricity bt1rd' und~ such name as shall be specified in the notification  ,' ~~ codstitudoll and eompoeitiodof state electricity boards, (2)tbe j bo'at'd shall consist of not les~ thad three and not mor1t than seven members appointed by the' state govemm'ent; - - - - (4) of the members-(a) one shall be a ~rson who has experience of, add 'ahown capteity in, coiiidier:cl81 'matters and a~'~~~i~~j   (  (b) one eball be an electrical' engineer'\vith·\vid~~~rtfml!l and (c)6fie shail be a ~rson who has experience of c,,;""uiau and financial matters in a public utility undertaking,  ~f'a'~1l an electricity supply undertaking (5) one of the members possessing any of the qualifications cifi8ci'in sub-section (4) ~hall be appointed by the state gover'iuiii_ to be the chairman of the board ' (6) a person shall be disqualified from being appouited or a member of the board if he is, or within the twelve months last ceding was, a member of parliament or of any state legislature any local authority (7) no act done by the bc?ard shall be called in question on ground only of the existence of any vacancy in, or any defect ill constitution of, the board ~  ~  -  i (1) subject to the pr~visions of this section, the government 01 any state ~ay, after it has issued a not~cation undej;' sub-section - ~'t~) of sec~ion 1, in lieu of constituting a board under section 5 ,enter ~ t~~o an agr~ement with the government of a colltiguou!\ st~te to ,  provide that the board constituted for the latter state rhall exercise 2' the fun~tions of a board under this act in the former state inter-state agreemeut to extend board's jurisdiction to another state :~~~k(2)' subject to ~uch modifications (be!ng of a character not affect- ing the general cperation of the agreement) of the terms of the i  :,'agreement as may from time to time be agreed upon by the state ' governm~nts concerned, an ~greement entered into under this section shall be for a period of ndt less than twenty-five years but may  ,'detel:jllined earlier by mutual cojl£ent  j,\~,q:r~1dent under this section may-  (a) make such financial arrangements between the par~j-uftlu  state governments' as may be n~ry for th,e purposes agreement; ,  (b) proy~de ;,fol; consul~tioj;l betweej;l the n~ti,ci~t~l state governments either generally or with reference to particular ,matters arising under this act; ;~'i (c) g~n~rally make such incidental, supplementary orancll-" w'~vision,s, not inconsistent with this act, as may be d~mnltt;:~sary or expedient for giving effect to the· agreement ,  ' an agreement is entered into under ~ection 6, thej>arti-,~ate governments shall, by notification in the o1bcial ~w6lre·'a date on which the agreement shall· come frltb ~ a~ter th$,t da~ agree-the board constituted for the one state shall have all 'ftn·wa'  and duties of a board under this act in respect of states as if they constituted a tingle state; (b) referen~ in this act to the sta\e shall, unl~ the sub-or context otherwise requir£s, be construed as references to state, and in particular, the references in section 61 to the legislature shall be construed as references to the legis-'1119"'''_ft of both states;  (c) i~ pro"fisions of secti,op 80m relation to the ~wdption ~l1~,board of the rights and liabilities of the state governari~ing before the first constitution of the board shall apply assumption by the board of the rigbts and liabilities of tlovernment of the state to which the exereile of its functions under this act is extended under the agreement, as if hi that section for the words "before the first constitution of the board" there were rubstituted the words and figure "before the ' date on which the agreement under section 6 came into force" , 8 the chairman and other members of the board shall hold  office for such period, and shall be eligible for re-appointment under such conditions, as may be prescribed,  term of office and conditionli for reappoint_ mentol memberi of the bo~ - - - - - removal 10 (1) the state government may suspend from ofbce for such ~ :~t- period as it thinks fit or remove from office any member of the board  members who--- - - - - (d) becomes or seeks to become a member of parliament or any state legislature or any local authority; or - - - - - (3) no order of removal shall be made under this section wuj,~ the member concerned has been given an opportunity to submit explanation to the state government, and when such order is 1icii:i''""''~~ the seat of the member removed shall become vacant and member may be appointed under section 5 to fill up the vacancy     ' :(4) a member w~ohas been removed shall not be eligible for _ appointment as member or in any other capacity to the board tempor8l')' absence of members (5) if the board fails to carry out its functions, or refuses or to follow the directions issued by the state government under act, the state government may remove the chairman and the bers of the board and appoint a chairman and members in places - - - - - 11 h the chairman or any other member of the board is by ftrmity or otherw)se rendered temporarily incapable of carrying his duties or is absent on leave or otherwise in circumstances involving the vacation of his appointment, the state gclve~rdlldelu! may appoint another person- to officiate for him and carry hi~ functions under this act or any rule or regulation made under - , - - state electricity consultative council 16 (1) the state government shall constitute a state electricity  consultative council for the state, and in cases to which sections 6 and 7 apply, the state governments concerned shall constitute such one or more state electricity consultative council or councils and for such areas as they may by agreement determine (2) the state ei~tricity consultative council shall consist of the members of the bo~rd and such other persons being not less than seven and not more than fifteen as the state government or the state governments concerned may appoint after consultation with such representatives or bodies representative of the 'following interas the state government or the state governments concerned 6fllfn1a or ihink fit, that is to say, local self-government, electricity industry, commerce, industry, transport, agriculture, labour in the electricity supply industry and consumers of electribut so that there shall be at least one member representing each  interest in the council - - - - chapter iv  ~~~ powers and duties of state electricity boards~j;: ~~s subject to the provisions of this act, the board shall be charg-['1\1 with the general duty of promoting the co-ordinated development general duties of the board • the generation, supply and distribution ot electricity within the  ···"in the mof!t efficient and economical manner, with particular   to such development in areas not for the time being served ''l'''~'''ll--'-j served by any licensee, and without prejudice to the of the foregoing provisions it shall be the duty of the to prepare and carry out schemes sanctioried under :llllldt:!l' v; - - - - ) all debts and obligations incurred, all contracts entered ~ard to all matters and  thin~ engaged to be done by, with or for :~:~ government for any of the purposes of this act before the hons of  constitution of the board shall be deemed to have been incurred, state into or engaged to be done by with or for the board: and govern_ mentin or other legal proceedings instituted or which might but for respect of of the notification under sub-section (4) of u!ction 1 have matters by or against the state government may be contlnu- to which ~'~~"'''icu by or against the board utis act applies  - - - - expenditure which the state government may, not later  months after the first constitution of the board, declare to , inc!urreci before the issue of the notiftcation under subpurposes of this act shall be deemed to be a loan advanced to the board under section 64 on the date of the said declaration and all the assets acquired by such expenditure shall thereupon vest in the board 61,(1)                                                                                                                                       -                                                             - annual financial statement    (3) the state government shall as ~oon as may be after the re-ceipt of the said statement cause it to be laid on the table of the house, or as the case may be, houses of the state legislature; and the said statement shall be open to discussion therein, but shall not be subject to vote     (4) the board shall take into consideration any comments made on the' said st~tement in the state legislature                                                   -                                                                                                         -                                                                                                                                                           - subven-tions to the board     63 the state government may, with the approval of the state legislature, from time to time make subventions to the board for the purposef of this act on such terms and conditions as the state government may determine i~                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     65 (1)                                                      -                                               -                                                             -                                                                          - power of board to borrow (3) the maximum amount which the board may at any time have on loan under sub-section (1) shall be ten crores of rupees, unless, the state government, with the approval of the state legislative assembly, fixes a higher maximum amount  - - - - - guarantee 66 the state government may guarantee in such manner as it of loans thinks fit the payment of the principal and interest of any loan proposed to be raised by the board or of either the principai or the interest: provided that the state government sball, so long as any such guarantees are in f~rce lay before the house or, as the case rna1 be, houses of the state legislature in every year during the budget;\~ session a statement of the guarante>es, if any, given during the cur-t rent financial year of the state and an up-to-date account of the touliii'; sums if any, which have been paid out of state revenues by ",lilg(j1j1ua of any such guarantees or paid into state revenues towards ment of any money so paid out  - - - 69 (1) - - - - - accounts and audit (5) the state government shall-(a) cause the accounts of the board together with the audit report thereon forwarded to it under sub-section (4) to be laid annually before the state legislature; and - - - - - 75 (1) - -   - (la) without prejudice to the provisions of sub-section (1) the rntll  t shall, as soon as may be after the end of each financial year, annual reports, statistics andreturns ~  ·dlt'ediare and submit to the state government in such form as may  "lji1<o prescribed a report giving an account of its activities during the financial year and the report shall also give an account of activiti~s, if any, which are likely to b~ undertaken by the board  next financial year; and the state government shall cause ~ch report to 'be laid before the state legislature as soon as be after it is received by the state government - - - - - (1 - - - - power to make in particular, and without prejudice to the generality of the rules  ~u&li, power, such rules may provide for-(a) the powers of the chairman and the term of office of chairman and other members of the board, the conditions , which they shall be eligible for re-appointment and their pqj!lel1ltion, allowances and other conditions of service;     - "' '; -i , a  '                        ~!:~,                                                       bill              :  ~  :,                                                                                                                                                                                                                                                                            futtlierto',amend the electricity (supply) act, 1948~ (slari gulzarilal n anda,~; minister 0/ home affairs), 