Skip to content

4. Fund of the Corporation

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Corporation shall have its own fund and all moneys heretofore or herafter to be recived by way of gift, request, donation, subscription, contribution, fees or grants for and on account of the Corporation shall be deposited to the credit of the Corporation in one or more state banks as the

Board of Management shall determine.

Aiyenayaka Devala Development Mudiyanse

Tennakoon Foundation (Incorporation)

(2)

There shall be paid out of the Fund of the Corporation all sums of money to defray any expenditure incurred by the

Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.