8. Fund of the Authority

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

(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 appropriated for the purposes of the Authority by Parliament ;

(b)

all such sums of money as may be received by the

Authority by way of profit from the ventures set up in the discharge of the functions assigned to the

Authority by paragraph (f) of section 4 ; and

(c)

all such sums of money as may be received by the

Authority by way of gifts, grants or donations from local and foreign sources ;

(3)

there shall be paid out of the Fund all such sums of money as are required to defray any expenditure incurred by the Authority in the discharge of its functions.

Read on from s 9

8. Fund of the Authority

Schedules