The Mahapola Higher Education Trust Fund has been renamed as the Lalith Athulathmudali Mahapola Higher Education Trust Fund.
Lands and Parliamentary Reforms Minister Gayantha Karunathilake said that functions of National Wealth Corporation Ltd. and National Wealth Securities Company would be terminated to formalise the investments of the Mahapola Higher Education Investment Trust Fund.
Cabinet approval has been given to invest all funds owned by the Mahapola Higher Education Scholarship Trust Fund, in Government Banks and Central Bank Bonds.