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Contents

Part VII · Financial Management

37. Foreign grants and Domestic grants made to the Government

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

(1)

The Secretary to the Treasury shall, subject to the approval of the Cabinet of Ministers have the authority to sign all agreements with foreign governments, or international organizations in respect of foreign grants or receive any grant from other foreign donors or domestic donors on behalf of the Government, except where a public entity is authorized by the Cabinet of Ministers in writing to sign such agreements and receive such grants.

(2)

Funds received as grants to the Government from a foreign government, international organization, or other foreign donor (in this section referred to as the “foreign grants”) or domestic donor shall be –

(a)

credited to the Consolidated Fund; and

(b)

incorporated in the draft annual budget of the public entity responsible for executing the grant.

(3)

Any public entity which receives grant in any kind under this section shall determine and record the monetary value of such grant in accordance with the relevant written law.

(4)

The requirements and procedures for the receipt of foreign grants or domestic grants, as the case may be, shall be as prescribed.

Part VIII

Statutory Funds

Part IX

Public Investment Management

Part X

Government Borrowings and Guarantees

Part XI

Accounting and Reporting

Part XII

State Owned Enterprises

Part XIII

Provincial Councils and Local Authorities

Part XIV

Cadre Management

Part XV

Offences and Penalties

Part XVI

Miscellaneous Provisions

Part XVII

Repeals

Part XVIII

Interpretation