16. Fund of the Institute

Feedback & support

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 to 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 Teceived by the

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

(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, whether in or outside

Sri Lanka.

(3)

There shail be paid out of the fund of the Institute—

(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 such fund, by or under, this Act.

Report

Read on from s 17

Part IV

General

Read on from Part IV