4.
| (1) The administrative authority of each approved institution shall, from time to time, prepare lists of names of students who shall be eligible for receiving loans under this Act, including the amount of loan recommended to each student, and shall forward such lists to the Permanent Secretary or any other person or body of persons nominated by the Permanent Secretary for the purposes of this Act, and hereafter in this Act referred to as the " Permanent Secretary's nominee ". |
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| (2) The Minister may give written directions to any approved 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 the administrative authority of an approved institution in the preparation of lists of names of students eligible for the grant of loans, and | | |
| | (c) any other matter which, in the opinion of the Minister, is connected with the object of the Loan Fund, and, | | |
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| (3) The Permanent Secretary or the Permanent Secretary's nominee may, having regard to the moneys available in the Loan Fund and the written directions given by the Minister under sub-section (2), approve such lists as have been sent to him under sub-section (1) with such additions, deletions, or modifications as he may deem necessary. Where such a list is approved by the Permanent Secretary or the Permanent Secretary's nominee, he shall send such list to the manager of any specified bank. |
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Sri Lanka Consolidated Acts