Sri Lanka Consolidated Acts

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Sri Lanka Export Development Act (No. 40 of 1979) - Sect 15

Borrowing powers of the Board

15. The Board may, with the consent of the Minister or in accordance with the terms of any general authority given by him, borrow temporarily, by way of overdraft or other- wise, such sums as the Board may require for meeting the obligations of the Board or discharging its duties under this Act: Provided that the aggregate of the amounts outstanding in respect of any temporary loans raised by the Board under this section shall not at any time exceed such sum as may be determined by the Minister in consultation with the Minister in charge of the subject of Finance.


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