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srilawsby aturio
As enacted
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Part IV · Construction Industry Development Fund and Fund of the Authority Fund and the Fund of the Authority

23. Fund of the Authority

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

(1)

The Authority shall have its own Fund (in this

Act referred to as the “Fund of the Authority”).

(2)

There shall be paid into the Fund of the Authority—

(a)

all such sums of money as may be voted, from time to time, by the Parliament for the use of the

Authority including such sums of money needed to defray the salaries and other emoluments of the staff of the Authority;

(b)

all such sums of money as may be received by the

Authority in the exercise, discharge and performance of its powers, functions and duties;

and

(c)

all such sums of money as may be received by the

Authority by way of loans, rents, donations, gifts, grants or levies and sale of assets.

(3)

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

Read on from s 24

Part V

Qualified Persons

Read on from Part V

Part VI

Read on from Part VI

Part VII

Technical Auditing

Read on from Part VII

Part VIII

Standard Documents and Human Resource Development

Read on from Part VIII

Part IX

Settlement of Disputes

Read on from Part IX

Part X

Appeals Board

Read on from Part X

Part XI

Collection, Processing and Distribution of Information in the Construction Industry

Read on from Part XI

Part XII

General

Read on from Part XII