Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsBorrowing Powers of the Authority
| 44. The Authority may, with the concurrence of both the Minister and the Minister in charge of the subject 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 Authority may require for meeting the obligations of the Authority 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 Authority under this section shall not at any time exceed such amount as may be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance. |