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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, testmentary dispositions, transfers, donations, subscriptions, contributions, fees, grants or any financial investment shall be deposited to the credit of the fund of the Corporation in one or more Banks as may be determine by the Board .

(2)

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