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srilawsby aturio
As enacted
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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 moneys heretofore or hereafter received by way of gifts, testamentary dispositions, transfers, donations, subscriptions, contributions, fees or grants or any financial investment shall be deposited to the credit of the Corporation in one or more banks as may be determined by the Board.

(2)

The Corporation may establish any depreciation fund, reserve or sinking fund for the purpose of rehabilitation, development and improvement of the property of the

Corporation.

(3)

All expenses incurred by the Corporation in exercising and discharging it’s powers and functions shall be paid out of the fund.

Read on from s 8