Sri Lanka Consolidated Acts

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International Development Association Agreement Act (No. 7 of 1961) - Sect 7

Receipts

7. All sums received by or on behalf of the Government of Ceylon from the Association under the Articles shall be paid into the Consolidated Fund of Ceylon; and the sums so received, in so far as they represent capital, shall, unless otherwise provided in that behalf by any written law, be applied from time to time as the Minister of Finance may direct in the redemption of notes or other obligations issued to the Central Bank under this Act.


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