Sri Lanka Consolidated Acts

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Colombo District (Low-Lying Areas) Reclamation And Development Board Act (No. 15 of 1968) - Sect 10

Borrowing powers of the? Board,

10. The Board may, with the consent of the Minister, or in accordance with the terms of any general authority given by him, borrow by way of overdraft or otherwise, such sums as the Board may require for meeting its obligations: Provided that the aggregate of the amounts outstanding in respect of any loans raised by the Board under this section shall not at any time exceed such sum as may be determined by the Minister in consultation with the Minister of Finance.


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