Local Loans and Development (Amendment) Law (No. 9 of 1974)

Sri Lanka Consolidated Acts

Replacement of section 9 of the principal enactment

7. Section 9 of the principal enactment is hereby repealed and the following section is substituted therefor: -

9. The commissioners may, with the approval of the Minister, grant loans for the following purposes: -

	(a) to any local authority for the purpose of any work of public utility which such authority may be authorized by law to undertake; and

	(b) to any person or body for any purpose of public utility.".