Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsBorrowing powers of the Institute
| 20. The Institute may, with the concurrence of the Minister and the Minister in charge of the subject of Finance, or in accordance with the terms of any general authority given with like concurrence, borrow, by way of over-draft or otherwise, or negotiate and obtain on credit terms, such sums as the Institute may require for the purpose of discharging its functions under this Act: Provided that the aggregate of the amounts outstanding in respect of any amount borrowed by the Institute under this section shall not at any time exceed such sum as may be determined by the Minister with the concurrence of the Minister in-charge of the subject of Finance. |