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srilawsby aturio
As enacted
Contents

Part III · Finance

23. Fund of the Institute

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

(1)

The Institute shall have its own fund.

(2)

There shall be credited in to such Fund -

(a)

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

(b)

all such sums of money as may be received by the

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

(c)

all such sums of money as may be received by the

Institute by way of loans, donations gifts or grants from any source whatsoever and fees charged for services renderd by the Institute ; and

(d)

All such sums of money as are required to be paid into such Fund by or under this Act.

(3)

There shall be paid out of such fund -

(a)

all such sums of money as are required to defray any expenditure incurred by the Institute in the exercise, performance and discharge of its powers, duties and functions under this Act ; and

(b)

all such sums of money as are required to be paid out of the Fund by or under this Act.

Read on from s 24

Part IV

General

Read on from Part IV