7. Fund of the Corporation

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

(1)

The Corporation shall have its own fund and all monies here to for or hereafter received by way of gift, bequest, donation, subscription, contribution, fess or grants or any financial investment shall be credited to the fund of the Corporation (hereinafter referred to tas the “Fund”) and such fund shall be maintained in one or more banks as may be determined by the Committee.

The Rehabilitation of Buddhist Temples

(2)

The following sums of money shall be credited to the

Fund:—

(a)

all monies received and collected by the

Corporation by way of gifts, donations, subscriptions, contributions, fees, or grants and profits from investments;

(b)

all monies received by the Corporation in the exercise of its powers and performance of its functions under this Act;

(c)

all monies received by the Corporation as loans, grants or donations from sources in Sri Lanka or abroad.

(3)

There shall be paid out of the Fund, all sums of money required to defray any expenditure incurred by the

Corporation in the exercise, performance and discharge of its powers, duties and functions.

Read on from s 8