Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsBorrowing powers of the Board
| 23. The Board may, with the concurrence of the Minister and the Minister in charge of the subject of Finance, or in accordance with the terms of any general authority given with like concurrence, borrow, by way of overdraft or otherwise, in Sri Lanka or abroad, such sums as the Board may require for the purpose of discharging its functions under this Act: Provided that the aggregate of the amounts outstanding in respect of any loans borrowed by the Board under this section shall not at any time exceed such sum as may be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance. |