Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsBorrowing powers of the Board
| 32. The Board may, with the concurrence of both the Minister and the Minister of Finance, or in accordance with the terms of any general authority given with like concurrence, borrow, by way of overdraft or otherwise, or negotiate and obtain on credit terms, such sums as the Board may require for meeting the obligations of the Board and exercising, discharging or performing the powers, functions or duties under this Act: Provided, however, that the aggregate of the amounts outstanding in respect of any loan raised by the Board under this section shall not at any time exceed such amount as may be determined by the Minister with the concurrence of the Minister of Finance. |