30. Fund of the Economic Commission

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

(1)

The Economic Commission shall have its own

Fund (hereinafter referred to as the “EC Fund”).

(2)

There shall be paid into the EC Fund-

(a)

all such sums of money as may be voted by

Parliament for the use of the Economic Commission;

(b)

all such sums of money as may be received by the

Economic Commission through the exercise, performance and discharge of its powers, duties and functions either directly or through entities created by it under this Part;

(c)

all such sums of money as may be paid as fees under the provisions of this Part; and

(d)

upto ten per centum of the fees charged by the Zones

SL to issue any licence under Part III, as may be determined by the Economic Commission under paragraph (m) of section 13.

(3)

There shall be paid out of the EC Fund all such sums as are required to defray expenditure incurred by the

Economic Commission in the exercise, performance and discharge of its powers, duties and functions under this Part or under any other written law and all such sums as are required to be paid out of the EC Fund.

(4)

Monies belonging to the EC Fund may be invested by the Economic Commission in such manner as may be determined by the EC Board.

Read on from s 31

Part III

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Part IV

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Part V

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Part VI

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Part VII

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