Sri Lanka Consolidated Acts

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People's Bank Act (No. 29 of 1961) - Sect 19

Building Fund

19.
(1) There shall be established for the purposes of this Act a fund to be known as the Building Fund.
(2) The Government shall grant to the Bank out of the Consolidated Fund of Ceylon one million rupees to be credited by the Bank to the Building Fund.
(3) The moneys in the Building Fund shall be utilized for the purchase of lands and buildings, and the construction of buildings, for the Bank and for the maintenance and repair of such buildings.


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