2.
| (1) Subject to the provisions of tills Act, it shall be the duty of a specified bank to grant loans to students of the following higher educational institutions :-
| | (a) all Universities, Campuses of a University or University Colleges, established or deemed to be established under the Universities Act, No. 16 of 1978, and any successor to such University, Campus or University College ; and | | |
| | (b) any institution providing higher education maintained wholely or partly by Government grant and approved by the Minister for the purposes of this Act. | | |
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| (2) The Minister may, from time to time, by Notification published in the Gazette, specify the Bank of Ceylon or the People's Bank or any other bank which consents to be a specified bank for the purposes of this Act. Any bank so specified is hereafter in this Act referred to as a " specified bank ". |
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| (3) The Deputy Secretary to the Treasury shall, in consultation with each specified bank, determine which of such specified banks will consent to grant loans to students in any year. Any specified bank so determined shall hereinafter be referred to as the " appropriate specified bank ", |
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Sri Lanka Consolidated Acts