Madampe Thaniwella Maha Devale Trust (Incorporation) Act 2009 · As enacted
7. Fund of the Corporation
Official English translation. The Sinhala text prevails.
Official translationFrom Department of Government Printing, unchanged
The Corporation shall have its own fund and it shall consist of all moneys received by way of gifts, testamentary dispositions, grants, donations, contributions or fees in cash or kind.
All moneys received shall be deposited in the name of the Corporation in one or more banks and be invested in any suitable manner to achieve the objects of the Corporation as may be decided by the Board.
All expenditure incurred by the Corporation in the exercise, performance and discharge of the powers, duties and functions of the Corporation shall be paid out of the fund of the Corporation.