National Development Bank Of Sri Lanka. Act (No. 2 of 2005)

Sri Lanka Consolidated Acts

Government to guarantee repayments, &c

29.

(1) The Government may guarantee the repayment of the principal sum, and the payment of the interest on

	(a) any National Development Bank Debentures, and any National Development Bank Stock, created and issued by the Board of Directors ; and

	(b) any loan raised by the Bank from any foreign Government, or any other source under this Part of this Act.

(2) Any sum required for the settlement of any guarantee provided under subsection (1)shall be charged on the Consolidated Fund.