79. Fund of the Zones SL

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Zones SL shall have its own Fund (in this Part referred to as the “Zones SL Fund”).

(2)

There shall be paid into the Zones SL Fund-

(a)

all such sums of money as may be voted by

Parliament for the use of the Zones SL;

(b)

all such sums of money as may be received by the

Zones SL 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)

all such sums of money received as development assistance from foreign Governments or agencies and from multilateral and bilateral agencies whether within or outside Sri Lanka:

Provided however, the Zones SL shall obtain prior written approval of the Department of External

Resources, in respect of all foreign assistance received under this paragraph.

(3)

There shall be paid out of the Zones SL Fund-

(a)

all such sums as are required to defray expenditure incurred by the Zones SL in the exercise, performance and discharge of its powers, duties and functions under this Part or under any other written law; and

(b)

up to ten per centum of the fees charged by the

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

(4)

Monies belonging to the Zones SL Fund may be invested by the Zones SL in such manner as may be determined by the Zones SL Board.

Read on from s 80

Part IV

Read on from Part IV

Part V

Read on from Part V

Part VI

Read on from Part VI

Part VII

Read on from Part VII