Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAN ACT TO ESTABLISH CREDIT COUNCILS FOR LOCAL AUTHORITY EMPLOYEES FOR THE PURPOSE F GRANTING CREDIT TO THEIR MEMBERS, EDUCATING AND ASSISTING THEIR MEMBERS TO LIVE FRUGALLY AND WITHIN THEIR MEANS AND PROMOTING THRIFT AND SAVINGS HABITS AMONG THEIR MEMBERS, AND TO PROVIDE FOR ALL MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO.