Sri Lanka Consolidated Acts

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Tea Small Holdings Development Law (No. 35 of 1975) - Sect 19

Capital of the Authority

19.
(1) The initial capital of the Authority shall be such sum as may be determined by the Minister with the concurrence of the Minister in charge of the subject of Finance, and such capital shall consist of-
(a) grants made by the Government ;
(b) the value of any such net assets as may be transferred to the Authority by any Government department, public corporation or local authority by an Order, or with the consent of the Minister in charge of that department or corporation or in the case of a local authority, the Minister in charge of the subject of Local Government ; and
(c) loans given or made available by the Government on such terms and conditions as may be determined by the Minister in charge of the subject of Finance.
(2) The initial capital of the Authority shall be paid or made available to the Authority in such manner as may be determined by the Minister in charge of the subject of Finance.
(3) The capital of the Authority may be increased from time to time by the value of the net assets transferred to the Authority as provided by paragraph (b) of subsection (1) and by such amounts as may be authorized by any Appropriation Law or by any resolution of the National State Assembly and such amounts shall be paid or made available to the Authority in cash or kind by the Government by way of grant or loan on such terms and conditions as may be determined by the Minister in charge of the subject of Finance.

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