Sri Lanka Consolidated Acts

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Development Councils Act (No. 35 of 1980) - Sect 21

Power to invest any part of the Fund

21. Any part of the Fund may be invested by the Executive Committee on behalf of the Council, in any one or more of the following investments :
(a) stock or other securities of the Government;
(b) any other securities guaranteed by the Government;
(c) any other investment approved by the Minister with the concurrence of the Minister in charge of the subject of Finance.

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