Sri Lanka Consolidated Acts

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Pradeshiya Sabhas Act (No. 15 of 1987) - Sect 192

Recovery of principal and interest from the Pradeshiya Sabha

192.
(1) The principal and interest due in respect of any loan raised for payment of any expenses incurred or to be incurred under this Part within the limits of any Pradeshiya Sabha area shall be deemed to be a debt due from the Pradeshiya Sabha and, in addition to any other remedies, may be recovered in the manner provided by the Local Loans and Development Ordinance.
(2) The surplus of any loan, after payment of such expenses in respect of any Pradeshiya Sabha as are referred to in subsection (1), shall, after that surplus is certified by the Minister, be paid to the Pradeshiya Sabha Fund.


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