Sri Lanka Consolidated Acts

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National Crafts Council And Allied Institutions Act (No. 35 of 1982) - Sect 62

Borrowing powers

62. The Board may, with the consent of the Minister or in accordance with the terms of any general authority given by him, borrow temporarily by way of overdraft; or otherwise Such sums as the Board may require for meeting the Obligations of the Board or discharging its duties under this Act:Provided that the aggregate of the amount outstanding in respect of any temporary loans raised by the Board under this section shall not at any time exceed such sum as may be determined by the Minister in consultation wife the. Minister in charge of the subject of Finance.


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