12.
| (1)There shall be paid out of the Consolidated fund to the Board such sums as may be determined by resolution of Parliament for defraying.
| | (a) all expenditure, including capital expenditure, incurred by the Board in carrying out the provisions of this Act during the period of twelve months commencing on the date of coming into operation of this Act; and | | |
| | (b) all capital expenditure incurred by the Board in carrying out the provisions of this Act during the period of twenty-four months commencing on the day immediately succeeding the date of the termination of the period referred to in paragraph (a) of this subsection. | | |
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| (2) Every sum paid out of the Consolidated Fund under subsection (1) shall constitute a loan from the Government to the Board and shall be repaid In accordance with such terms and conditions as may be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance, |
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Sri Lanka Consolidated Acts