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srilawsby aturio
As enacted
Contents

Part III · Finance

11. Fund of the Institute

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

(1)

The Institute shall have its own Fund to which shall be credited—

(a)

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

Institute;

(b)

the balance sum remaining from money received by the Institute in the exercise, performance and discharge and performance of its powers, functions and duties under this Act, after crediting an amount to the Staff Development Fund established under section 12;

(c)

all such sums of money as may be received by the

Institute by way of grants, gifts or donations from any source whatsoever, whether within or outside

Sri Lanka; and

(d)

all such sums of money as are transferred to the Fund under paragraph (a) of subsection (2) of section 30

of this Act.

(2)

There shall be paid out of the Fund such sums of money required to defray all expenditure incurred by the Institute in the exercise, performance and discharge of its powers, duties and functions under this Act.

Read on from s 12

Part IV

General

Read on from Part IV

Part V

Repeals and Savings

Read on from Part V

Schedules