19.
| (1) 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 otherwise,
such sums as the Board may require for meeting its obligations
or discharging its duties under this Act:
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| (2) The Board may, with the consent of the Minister given with the concurrence of the Minister in charge of the subject of Finance, borrow money otherwise than by way of temporary loan under subsection (1) for all or any of the following purposes:-
| | (a) the provision of working capital;
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| | (b) the provision of money for meeting any expenses
incurred in connection with any permanent work or
other thing the cost of which is properly chargeable
to capital;
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| | (c) the provision of any money required for the purpose
of paying any compensation under this Act which is
payable in cash by the Board;
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| | (d) the redemption of any loan raised by the Board;
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| | (e) any other purpose for which capital moneys are
properly applicable, including the repayment of any
money temporarily borrowed under subsection (1).
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| (3) The Board may, with the consent of the Minister given with the concurrence of the Minister in charge of the subject of Finance, borrow money for any of the purposes mentioned in subsection (1) in any manner, as the Board considers fit in the circumstance.
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Sri Lanka Consolidated Acts