2. Amendment of section 6 of Act…

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

Section 6 of the National Development Bank of Sri

Lanka Act, No. 02 of 1979 (hereinafter referred to as “the principal enactment”) is hereby amended by the insertion, immediately after paragraph (b) of that section, of the following paragraph :––

“(bb) to grant loans and advances to any individual ––

(i)

for the purchase or lease of any land for the construction of a dwelling house ;

(ii)

for the construction,repair, renovation or extention of a dwelling house ;

(iii)

for the purchase or lease of a dwelling house ;

(iv)

for any purpose incidental, accessory or ancillary to any of the purposes mentioned in sub-paragraph (i), (ii)or (iii) ; or

(v)

for the liquidating of any debt already incurred for any purpose mentioned in sub-paragraph (i), (ii), (iii) or (iv).”.

Read on from s 3