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srilawsby aturio
As enacted
Contents

Part VI · Finance

157. Fund of the Commission

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

(1)

The Commission shall have its own Fund.

(2)

There shall be paid into the Fund –

(a)

all such sums of money as may be voted upon from time to time by Parliament for the use of the

Commission;

(b)

all sums of money as may be charged as costs incurred in carrying out all inspections under the provisions of this Act or paid as fees under the provisions of this Act;

(c)

such sums of money that are recovered, as reimbursements for costs incurred in carrying out investigations and institution of legal proceedings in respect of contraventions under the provisions of this Act;

(d)

all such sums of money as may be received by the

Commission by way of donations, gifts or grants from the Consolidated Fund, the Government or a foreign Government, State Agencies and from multilateral and bilateral agencies whether within or outside Sri Lanka; and

(e)

such sums of money as may be credited from the

Cess Fund.

(3)

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

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

(4)

Monies belonging to the Fund of the Commission may be invested by the Commission in such manner as may be determined by the Commission.

CHAPTER 2

FUND TO PROVIDE COMPENSATION TO INVESTORS

Read on from s 158

Part VII

General

Read on from Part VII