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srilawsby aturio
As enacted
Contents

9. Fund of the body corporate

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

(1)

The body corporate shall have its own Fund.

(2)

All moneys received by way of gift, bequest, donation, subscription, contribution, fees or grants for and on account of the body corporate shall be deposited in one or more banks approved by the Board of Management to the credit of the body corporate.

(3)

There shall be paid out of the Fund, all sums of money as are required to defray any expenditure incurred by the body corporate in the exercise, performance and discharge of its powers, duties and functions under the Act.

Read on from s 10