Sri Lanka Consolidated Acts

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Development Councils Act (No. 35 of 1980) - Sect 20

Moneys received by Development Council to be lodged with the bank

20. All moneys received by a Development Council and payable into the Fund shall be lodged with an approved bank, and shall be credited to an account entitled "the Development Fund ". In this section " approved bank" means a bank specified by the Minister with the concurrence of the Minister in charge of the subject of Finance by Order published in the Gazette as a bank in which the moneys of a Development Council may be lodged.


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