27.
| (1) The Board may, with the concurrence of the Minister and the Minister in charge of the subject of Finance or in accordance with the terms of. any general authority given with like concurrence, borrow by way of overdraft or otherwise, or negotiate and obtain on credit, such sums as- the Board may require for meeting the obligations of the Board or carrying out the objects of the Scheme under this Act: |
|
| (2) The board the consent of the Minister giver with the concurrence of the Minister in charge of the subject of Finance borrow money otherwise than by way of loans under subsection(1) for all or any of the following purposes:-
| | (a) the requisistion or acquisition of any movable or immovable property required for the use of the Board for the purposes of the scheme; | | |
| | (b) the repayment of any money borrowed under subsection(1). | | |
|
|
|
Sri Lanka Consolidated Acts