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As enacted
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Contents

Part III · Finance

12. Fund of the Institute

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Institute shall have its own Fund.

(2)

There shall be paid into the Fund of the Institute—

(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, and discharge of its powers and functions;

(c)

all such sums of money as may be received by the

Institute by way of donations, gifts and grants from any source in Sri Lanka or abroad; and

(d)

all such sums of money as may be received as the income derived from the investment of its funds.

(3)

There shall be paid out of the Fund of the Institute all such sums of money as may be required to defray any expenditure incurred by the Institute in the exercise and discharge of its powers and functions under this Act, and any other expenditure which is authorized or required to be paid out of the Fund of the Institute by any provision of this Act.

Read on from s 13

Part IV

General

Read on from Part IV

Schedules