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srilawsby aturio
As enacted
Contents

8. 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 heretofore or hereafter received by way of gift, bequest, testamentary disposition, transfer, contribution, donations, subscription, fees or grants for and on account of the

Corporation shall be deposited to the credit of the Corporation in one or more banks as the Committee shall determine.

(2)

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

(3)

There shall be paid out of the fund any expenditure incurred by the Corporation in the exercise, performance and discharge of the powers, duties and functions under this Act.

Read on from s 9