3.
| (1) The Minister may give general written directions to the principal executive officer of a higher educational institution in respect of-
| | (a) the conditions subject to which students shall be eligible for the grant of loans : | | |
| | (b) the procedure to be followed by such principal executive officer in the preparation of lists of names of students who are eligible for the grant of loans ; and | | |
| | (c) any other matter which in the opinion of the Minister, is connected with or incidental to the grant of loans, | | |
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| (2) The principal executive officer of each higher educational institution shall, in accordance with the provisions of sub section (1), prepare or cause to be prepared, from time to time lists of names of students who are eligible to receive loans under this Act, including the amount of loan recommended to each such student, and shall submit such lists to the governing authority of that higher educational institution. |
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| (3) The governing authority of a higher educational institution may, in consultation with the managers of the specified banks and having regard to such general written directions given by the Minister under subsection (1), approve such lists as have been submitted to such authority under subsection(2), with such additions, deletions or modifications as may be necessary, and forward such lists to the manager of the appropriate specified bank. |
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Sri Lanka Consolidated Acts