19. Fund of the Authority

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

(1)

The Authority shall establish, maintain and operate a fund into which shall be paid—

(a)

all such sums of money as may be voted from time to time by Parliament for the use of the Authority ;

(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 ;

(c)

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

(d)

all sums of money accruing to the credit of the

Authority.

(2)

There shall be paid out of the fund all such sums as are required to defray any 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.

(3)

The Authority shall establish a Technology

Development Fund. All sums of money allocated or received for the purpose of technology development shall be paid into such fund. The Authority shall identify areas of technology development for which money out of such fund shall be paid.

Read on from s 20

19. Fund of the Authority

Schedules