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As enacted
Contents

Part IV · Finance

21. Borrowing powers of the Institute

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

The Institute may, with the concurrence of the

Minister and the Minister in charge of the subject of

Finance, borrow by way of overdraft or otherwise, or negotiate and obtain on credit terms, such sums as the

Institute may require for the purpose of discharging its functions under this Act:

Provided that, the aggregate of the amounts outstanding in respect of any amount borrowed by the Institute 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.