41.
| (1) The Board may, with the consent of the Minister, or in accordance with the terms of any general authority given by him, borrow temporarily, by way of overdraft or otherwise, such sums as the Board may require for meeting its obligations or discharging its duties under this Act : |
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| (2) The Board may, with the consent of the Minister given with the concurrence of the Minister of Finance, borrow money, otherwise than by way of a temporary loan under sub-section (1), for all or any of the following purposes: -
| | (a) the provision of working capital; | | |
| | (b) the provision of money for meeting any expenses incurred in connection with any permanent work or other thing, the cost of which is properly chargeable to capital account ; | | |
| | (c) the redemption of any stock issued or any loan raised by the Board ; | | |
| | (d) the provision of money necessary for the making of any payment to any local authority under the provisions of this Act; and | | |
| | (e) any other purpose for which capital moneys are properly applicable, including the repayment of any money temporarily borrowed under sub-section (1). | | |
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| (3) The Board may, with the consent of the Minister given with the concurrence of the Minister of Finance, borrow money for any of the purposes mentioned in sub-section (2) by way of loans from the Government, by the issue of Ceylon Electricity Stock under section 43, or in any other manner whatsoever. |
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Sri Lanka Consolidated Acts