20. Fund of the Authority

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Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Authority shall have its own fund (hereinafter referred to as the “Fund”).

(2)

There shall be paid into the Fund—

(a)

all such sums of money that may be made available to the Authority out of the Consolidated Fund;

(b)

all such sums of money that may be received by the

Authority in the exercise, performance and discharge of its powers, duties and functions under this Act;

and

(c)

all such sums of money received by the Authority by way of gifts, grants or donations.

(2)

There shall be paid out of the Fund all such sums as are required to defray the expenditure incurred by the

Authority in the exercise, performance and discharge of its powers, duties and functions under this Act or under any other written law and all such sums as are required to be paid out of the Fund.

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Read on from s 21