Sri Lanka Consolidated Acts

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Finance Act (No. 38 of 1971) - Sect 11

Investment of moneys of a public corporation

11. No moneys of a public corporation shall be invested except,- Provided, however, that any temporary surpluses of cash of a public corporation shall be deposited by the corporation in the General Treasury, and shall be refundable on demand made by the corporation.
(a) in any case where the appropriate Minister is the Minister of Finance, with the approval of the appropriate Minister; or
(b) in any case where the appropriate Minister is not the Minister of Finance, with the approval of the appropriate Minister given with the concurrence of the Minister of Finance:

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