Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsBorrowing powers
| 26. The Corporation may with the concurrence of both the Minister and the Minister of Finance or in accordance with the terms of any general authority given with like concurrence, borrow by overdraft or otherwise, or negotiate and obtain on credit terms, such sums as the Corporation may require for meeting the obligations of the Corporation or carrying out its objects: Provided that the aggregate of the amounts outstanding in respect of any loans raised by the Corporation under this section shall not at any time exceed such sum as may be determined by the Minister with the concurrence of the Minister of Finance. |