16.
| (1) The Authority 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 loan, draft or otherwise, or negotiate and obtain on credit, such sums as the Authority may require for discharging the functions of the Authority: |
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| (2) The Authority 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 leant under subsection (1) for all or any of the following purposes: -
| | (a) the requisition or acquisition of any movable or immovable property required for the use of the Authority ; | | |
| | (b) the repayment of any money borrowed under sub-section (1). | | |
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Sri Lanka Consolidated Acts