Application of Part: parliamentary regulation of government securities applies where states adopt the provision under constitutional resolution.

The Part applies initially to specified States and Union territories, and other States may adopt it by resolution under Article 252 to bring parliamentary regulation over the Public debt of the State and Reserve Bank management. It comes into force at once in the specified jurisdictions and in any adopting State on the date of adoption; references to commencement mean the date the Part comes into force in each State.

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