21.
| (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 Railways Authority Stock created and issued under subsection (1) of section 20 or any other loan taken by the Railways Authority from any person in or outside Sri Lanka. |
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| (2) Any sum required for the fulfillment 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 fulfillment 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 Railways 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 sub section (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 under subsection (2) out of the Consolidated Fund in fulfillment of a guarantee provided under subsection (1), the Minister in charge of the subject of Finance snail forthwith lay, or cause to be laid, a statement of the payment before Parliament. |
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Sri Lanka Consolidated Acts