ACTIVE LIABILITY MANAGEMENT ACT

Arrangement of Sections

1. Short title and date of operation.

2. Objective.

3. Raising loans for the purpose of management of public debt.

4. Settlement of obligations of the Government.

5. Exemption from the application of the provisions of the Appropriation Act.

6. Loans a charge upon Consolidated Fund.

7. Reporting under the Fiscal Management (Responsibility) Act.

8. Exemption from stamp duties.

9. Protection for acts done in good faith.

10. Regulations.

11. Delegation of powers of the Minister assigned the subject of Finance.

12. Offences.

13. This Act to prevail over other laws.

14. Interpretation.

15. Sinhala text to prevail in case of inconsistency.

8 of 2018.

AN ACT to authorise the raising of loans in or outside Sri Lanka for the purpose of active liability management to improve public debt management in Sri Lanka and to make provisions for matters connected therewith or incidental thereto.

[Date of Commencement: On Notice]

1. Short title and date of operation.

This Act may be cited as the Active Liability Management Act and shall come into operation on such date as the Minister may appoint by Order published in the Gazette.

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