Sri Lanka Consolidated Acts

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Students (Higher Education) Loans Act (No. 50 of 1983) - Sect 22

Repeal and savings

22.
(1) The students (Higher Education)Loan Fund Act, No 4 of 1972, is hereby repealed.
(2) Notwithstanding the repeal of the aforesaid Act-
(a) all moneys lying to the credit of the Students (Higher Education) Loan Fund established under section 2 of that Act, shall be transferred to the Students (Higher .Education) Loan Fund established under this Act;
(b) all assets and liabilities of the Students (Higher Education) Loan Fluid established under section 2 of that Act, shall be deemed to be the assets and liabilities of the Students (Higher Education) Loan Fund established under this Act;
(c) all actions and proceedings pending for the recovery of loans granted under that Act shall be deemed to be actions and proceedings under this Act and shall be continued and concluded under this Act.

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