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Acts & Ordinances PUBLIC DEBT MANAGEMENT ACT Marginal Notes 1. Short title and date of operation 2. Application of this Act 3. Public debt management objectives 4. Establishment of the Public Debt Management Office of Sri Lanka 5. Director-General of the Office 6. Powers and functions of the Office 7. Powers of the Minister to issue guidelines and directions 8. Establishment of the Public Debt Coordinating Committee 9. Powers, duties and functions of the Committee 10. Quorum and meetings of the Committee 11. Debt management strategy 12. Borrowing authorization 13. Borrowing purposes 14. Issuance of Government debt securities for the implementation of the monetary policy objectives 15. Annual borrowing plan 16. Issuance of Government debt securities in the domestic market 17. Borrowing directly by the Government 18. Liability management operations 19. Government loan guarantees 20. On-lending 21. Supplier?s Credit agreements entered into by the Government 22. Finance lease agreements entered into by the Government 23. Records of Public debt and finance arrangements 24. Publication of Public debt and finance arrangements 25. Annual report of the Office to Parliament 26. Borrowing and issuance of guarantees to and by State owned enterprises 27. Reporting requirements of State owned enterprises 28. Reporting requirements of Provincial Councils and local authorities 29. Obligation to provide information 30. Protection of market-sensitive information 31. Power to appoint agents and hire experts 32. Power to delegate 33. Consequences of unauthorised transactions and how to exclude them 34. Protection from action 35. Regulations 36. Provisions of this Act to prevail over other written law 37. Interim arrangement to operationlise the Office 38. Arrangements for the applicability of existing borrowing instruments 39. Interpretation 40. Sinhala text to prevail in case of inconsistency