Sri Lanka Consolidated Acts

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Clothing Industry Training Institute Act (No. 3 of 1984) - Sect 21

Capital of the Institute

21.
(1) The initial capital of the Institute shall be one million and two hundred and fifty thousand rupees and shall be made available to the Institute by the Government on such terms and conditions as may be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance.
(2) At the request of the Minister the capital of the Institute may be increased from time to time by such amount as may be authorized by any Appropriation Act or by resolution of Parliament and such amount shall be paid or made available to the Institute by the Government by way of grant or loan on such terms and conditions as may be determined by the Minister in charge of the subject of Finance.


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