As enacted

Contents

Public Financial Management Act 2024 · As enacted · Part VII · Financial Management

38. Asset management

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

(1)

The management of the non-financial assets of the public entities referred to in subparagraphs (i), (ii) and (iii)

of paragraph (a) of subsection (2) of section 3 including their identification, classification, valuation, utilization, and disposal shall be governed subject to any relevant written law.

(2)

The proceeds of the sale of any movable or immovable property or any exclusive privilege belonging to a budgetary entity shall be credited to the Consolidated Fund and shall be dealt with in the manner as may be prescribed.

Part VIII

Statutory Funds

Read on from Part VIII

Part IX

Public Investment Management

Read on from Part IX

Part X

Government Borrowings and Guarantees

Read on from Part X

Part XI

Accounting and Reporting

Read on from Part XI

Part XII

State Owned Enterprises

Read on from Part XII

Part XIII

Provincial Councils and Local Authorities

Read on from Part XIII

Part XIV

Cadre Management

Read on from Part XIV

Part XV

Offences and Penalties

Read on from Part XV

Part XVI

Miscellaneous Provisions

Read on from Part XVI

Part XVII

Repeals

Read on from Part XVII

Part XVIII

Interpretation

Read on from Part XVIII