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7. Fund of the Corporation

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

(1)

The Corporation shall have its own fund and all moneys heretofore or hereafter received by way of gift, donation, testamentary dispositions, subscriptions, contributions, fees or grants on account of the Corporation shall be deposited to the credit of the Corporation in one or more Banks as the Board shall determine.

(2)

All expenses borne by the Corporation in the exercise, discharge and performance of the powers, duties and functions of the Corporation under this Act shall be paid out of the fund of the Corporation.