25.
| (1) The Bank shall establish and maintain a fund called the "Development Fund" and shall credit to such fund every year, such percentage of its annual profits as may be determined by the Board, and any monies received by the Bank as grants or donations from local and foreign sources. |
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| (2)The monies lying to the credit of the Development Fund may be used-
| | (a) to grant financial accommodation to, or purchase equity in, high risk enterprises with potential viability in the long term ; | | |
| | (b) to secure technological and other expertise relevant to the activities of the Bank with a view to making them available to customers of the Bank. | | |
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| (3) Notwithstanding the provisions of subsection (2) monies consisting of any grant or donation received from any local or foreign source and which is credited to the Fund under subsection (1), shall be utilised only in accordance with such terms and conditions subject to which such grant or donation was made. |
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| (4) Any such monies lying to the credit of the Development Fund as are not immediately required for any of the purposes referred to in subsection (2), may be invested by the Board. |
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Sri Lanka Consolidated Acts