6. Funds 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

(hereinafter called and referred to as the “Fund”).

(2)

There shall be credited to the Fund—

(a)

all such sums of money as may be received by the Corporation in the exercise, discharge and performance of its powers, functions and duties under this Act ; and

(b)

all such sums of money as may be received by the Corporation, by way of loans, donations, gifts or grants from any source, whether in Sri Lanka or abroad.

Leo and Josephine De Almeida Memorial

(3)

There shall be paid out of the Fund of the

Corporation—

(a)

all such sums of money as are required to defray any expenditure incurred by the Corporation in the exercise, discharge and performance of its powers, duties and functions under this Act ; and

(b)

all such sums of money as are required to be paid out of such Fund, by or under this Act.

Read on from s 7