33. Interpretation

In this Act, unless the context otherwise requires—

“governing board” in relation to a public corporation means the Board of Directors or other body, howsoever described, charged with the management and control of the affairs of such corporation ;

“local authority” means any Municipal Council, Urban

Council or Pradeshiya Sabha and includes any other authority created or established by, or under, any law to exercise, perform or discharge powers, dutics or functions corresponding to, or similar to the powers, dutics and functions exercised, performed and discharged by any such Council or Sabha ;

“principal executive ofticer” in relation to a Higher

Educational Institution, has the same meaning as in the Universities Act, No. 16 of 1978 ;

National Institute of Co-operative Development 17

(Incorporation) Act, No. I of 2001

“Provincial Council” means a Provincial Council established by Chapter XVIIA of the Constitution ;

and

“University Grants Commission” means the University

Grants Commission established by the Universities

Act, No. 16 of 1978.