Sri Lanka Consolidated Acts

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Paddy Marketing Board Act (No. 14 of 1971) - Sect 23

Capital of the Board

23.
(1) The initial capital of the Board shall be ten million rupees and such capital shall consist of grants or loans given or made available by the Government on such terms and conditions as may be determined by the Minister of Finance.
(2) The amount of the initial capital of the Board shall be paid to the Board out of the Consolidated Fund in such instalments as the Minister of Finance may in consultation with the Minister determine.
(3) The capital of the Board may be increased from time to time by such amount as may be authorized by any Appropriation Act or by resolution of the House of Representatives and that amount shall be paid or made available to the Board by the Government by way of grant or loan on such terms and conditions as may be determined by the Minister of Finance.


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