8. Fund of the Corporation
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
The Corporation shall have its own fund and all moneys heretofore or hereafter to be received by way of gift, bequest, donation, subscription, contribution, fees or grants.
for or and on account of the Corporation shall be deposited in one or more banks as the Corporation shall determine.
There shall be paid out of the fund, all such sums of moncy as aré required to defray any expenditure incurred by the Corporation in the exercise and discharge of its powers and functions under this Act.
The money and property of the Corporation, howsoever derived shall be applicd solely towards the promotion of the objects of the Corporation.