Water (Prevention and Control of Pollution) Act, 1974
37A. Borrowing Powers of Board.
A Board may, with the consent of, or in
accordance with, the terms of any general or special authority given to it by
the Central Government or, as the case may be the State Government, borrow
money from any source by way of loans or issue of bonds, debentures or such
other instruments, as it may deem fit, for the performance of all or any of its
functions under this Act.