Local Treasury Bills (Amendment)



Local Treasury Bills (Amendment)
AN ACT TO AMEND THE LOCAL TREASURY BILLS ORDINANCE

BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows:

[7th August
, 1992
]
Short title.

1. This Act may be cited as the Local Treasury Bills (Amendment) Act, No, 35 of 1992.

Amendment of section 2 of Chapter 417.

2. Section 2 of the Local Treasury Bills Ordinance (hereinafter referred to as the “principal enactment”) is hereby amended in subsection (2) of that section by the substitution for the words ” by an officer of the Central Bank authorized in that behalf by the Monetary Board of that bank.”, of the words ” by an officer of the Central Bank or any other person authorized in writing in that behalf by the Monetary Board of the Central Bank. “.

Amendment of section 5 of the principal enactment.

3. Section 5 of the principal enactment is hereby amended by the substitution for the words ” fix and determine, but not later than one year from the date of Issue.”, of the words “fix and determine.

Sinhala text to prevail in case of consistency.

4. In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail,