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As enacted
Contents

Part VIII · Fund of the Authority

41. Fund of the Authority

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

(1)

The Authority shall have its own fund

(hereinafter referred to as the “Fund”).

(2)

There shall be paid into the Fund–

(a)

all such sums of money as may be voted by

Parliament for the use of the Authority ; and

(b)

all such sums of money as may be received by the

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

(c)

all such sums of money as may be paid as fees under the provisions of this Act; and

(d)

all such sums of money as may be received by the

Authority by way of gifts, grants or donations from the Consolidated Fund, the Government, or a foreign Government, State Agencies and from multilateral and bilateral agencies whether within or outside Sri Lanka.

(3)

There shall be paid out of the Fund all such sums as are required to defray expenditure incurred by the Authority in the exercise, performance and discharge of its powers, duties and functions under this Act or under any other written law and all such sums as are required to be paid out of the

Fund.

(4)

Monies belonging to the Fund of the Authority may be invested by the Authority in such manner as may be detemined by the Board.

Read on from s 42

Part IX

Miscellaneous

Read on from Part IX

Part X

Interpretation

Read on from Part X

Schedules