3. Amendment of section 9 of the principal enactment

Section 9 of the principal enactment as last amended by Act, No. 22 of 2011 is hereby further amended as follows:—

(1)

in paragraph (a) of that section by the substitution for the words “if such loan is approved by the

Minister as being essential for the economic progress of Sri Lanka;”, of the following words and figures,

“if such loan is—

(i)

granted prior to April 1, 2012, and approved by the Minister as being essential for the economic progress of Sri Lanka; or

(ii)

granted on or after April 1, 2012;”.

(2)

in paragraph (b) of that section by the substitution for the words “if such loan is approved by the

Minister as being essential for the economic progress of Sri Lanka;”, of the following words and figures,

“if such loan is—

(i)

granted prior to April 1, 2012, and approved by the Minister as being essential for the economic progress of Sri Lanka; or

(ii)

granted on or after April 1, 2012;”.