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10. Funds 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 all moneys heretofore or hereafter received by way of gift, bequest, donation, subscription, fees or grants for and on account of the Corporation shall be deposited in the name of the Corporation in one or more banks as the Board of

Directors shall determine.

(2)

There shall be paid out of the fund any expenditure incurred by the Corporation in the exercise, perform and discharge of its powers, duties and functions under this Act.