17. Board to maintain and operate bank accounts &c

Official English translation. The Sinhala text prevails.

(1)

The Board shall have the power to open and operate such bank accounts as it considers necessary for the due discharge of its functions under the Act.

(2)

The Board may, designate the persons by whom such bank accounts may be opened and operated.

(3)

The Board may invest any surplus monies of the Board in such investments, as the Board considers prudent. The

Board may in its discretion, change or terminate such investments.