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As enacted

7. Fund of the Corporation

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

(1)

The Corporation shall have its own fund and it shall consist of all moneys received by way of gift, bequests, testamentary dispositions, grants, donations, fees or contributions from local or foreign institutions and individuals, members and non-members.

(2)

All moneys received shall be deposited in the name of the Corporation in one or more banks and be invested in any suitable manner to achieve the objects of the Corporation as may be decided by the Executive Council.

(3)

All expenditure incurred by the Corporation in the exercise, performance and discharge of the powers, duties and functions of the Corporation shall be paid out of the funds of the Corporation.