191.
| (1) Whenever the Minister under section 188 certifies a loan to be necessary in respect of any Pradeshiya Sabha, the Local Loans and Development Commissioners may lend to the Commissioner of Local Government or the person appointed under subsection (2) of section 188 the amount of such loan on the security of any rate to tax within the limits of that Pradeshiya Sabha area without requiring any other security. |
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| (2) The Commissioner of Local Government or the person appointed under subsection (2) of section 188 may, as security for any such loan referred to in subsection (1) as is obtained for any Pradeshiya Sabha, mortgage any rate or tax in that area, and such mortgage shall have the same effect as if it had been made by that Pradeshiya Sabha. |
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Sri Lanka Consolidated Acts