43. The University Fund

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

(1)

The University shall have its own Fund into which shall be credited—

(a)

all moneys voted for its use by Parliament;

(b)

all such sums of money as may be received by the

University by way of donations or grants from any source whatsoever;

(c)

fees paid to the University in accordance with the provisions of any by-laws; and

(d)

any other payments required to be made to the

University in accordance with any rule or regulation made under this Act.

(2)

There shall be paid out of the Fund of the University all such sums of money as are required to defray all expenditure incurred by the University in the exercise of its powers under this Act.

Ocean University of Sri Lanka

Read on from s 44

Part XI

Students Assembly and Other Associations

Read on from Part XI

Part XII

General Provisions

Read on from Part XII

Part XIII

Interpretation

Read on from Part XIII