7. Fund of the Corporation

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

(1)

The Corporation shall have its own fund and all monies received by way of gifts, testamentary dispositions, grants, donations, contributions or fees shall be deposited in the name of the Corporation in one or more banks as may be decided by the Committee.

(2)

The Corporation may establish a depreciation fund or a sinking fund for the purpose of rehabilitation, development of the property of the Corporation.

(3)

There shall be paid out of the Fund of the Corporation all sums of money to defray any expenditure incurred by the

Corporaiton in the exercise, performance and discharge of its powers, duties and functions under this Act.

Read on from s 8