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5. Funds of the Corporation

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

(a)

The Corporation shall have its own fund and all moneys received by way of gift, bequest, donation, subscription, contribution, fees or grants for and on account of the Corporation shall be deposited to the credit of the

Corporation in one or more banks as the Board of

Management shall determine.

(b)

The Corporation may establish different types of funds for the purpose of attaining all or any of the objects of the Corporation.

(c)

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

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