26.
| (1) The Authority may, with the consent of the Minister, given with the concurrence of the Minister in charge of the subject of Finance, or in accordance with any general authority given by the Minister with like concurrence, borrow temporarily, by way of overdraft or other-wise, such sums as the Authority may require for meeting the obligations of the Authority or discharging its duties and functions under this Act : |
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| (2) The Authority may, with the consent of the Minister given with the concurrence of the Minister in charge of the subject of Finance, borrow money, otherwise than by way of temporary loan under subsection (1) by the issue of debentures and the debentures so created and issued in this Act are referred to as "National Housing Development Authority Debentures ". |
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| (3) National Housing Development Authority Debentures shall be issued, transferred, dealt with, redeemed and cancelled in accordance with such terms and conditions as may be determined by the Authority with the approval of the Minister given with the concurrence of the Minister in charge of the subject of Finance. |
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Sri Lanka Consolidated Acts