32.
| (1) The Minister in charge of the subject of Finance may with the concurrence of the Minister guarantee the repayment of the principal of, and the payment of the interest on, any Ports Authority Stock created and issued under sector 31 (1) or any other loan from any person, organisation or institution in or outside Sri Lanka. |
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| (2) Any sum required for the fulfilment of a guarantee provided under subsection (1) may with the prior approval of Parliament, be paid out of the Consolidated Fund. |
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| (3) Any sum paid out of the Consolidated Fund in fulfilment of a guarantee provided under subsection (1) shall be repaid, together with interest thereon, at such rate as the Minister in charge of the subject of Finance may determine with the concurrence of the Minister, by the Ports Authority in such manner and over such period as the Minister in charge of the subject of Finance may with such concurrence determine. |
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| (4) Immediately after any guarantee is given under subsection (1) the Minister in charge of the subject of Finance shall lay or cause to be laid, a statement of the guarantee before Parliament. |
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| (5) Where any sum is paid out of the Consolidated Fund in fulfilment of a guarantee provided under subsection (2), the Minister in charge of the subject of Finance shall forthwith lay or cause to be laid a statement of the guarantee before Parliament. |
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Sri Lanka Consolidated Acts