Sri Lanka Consolidated Acts

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Village Councils Law (No. 6 of 1964) - Sect 89

Recovery of principal and interest from the Village Council. [ 26, 60 of 1961.]

56F.
(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 in respect of any village area shall be deemed to be a debt due from the Village Council of that village area, 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 village area as are referred to in subsection (1), shall, after that surplus certified by the Minister, be paid to the communal fund of the Village Council of that village area.


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