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srilawsby aturio
As enacted
Contents

Part III · Finance

12. Staff Development Fund

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

(1)

The Board may establish a Staff Development

Fund for the purpose of improving the skills and knowledge of the staff of the Institute.

The Sri Lanka Institute of Textile and Apparel

(2)

There shall be paid annually into the Staff

Development Fund, such percentage of the income received by the Institute, in the exercise, discharge and performance of its powers, duties and functions under this Act, as shall be determined by the Board.

(3)

The Board shall be responsible for the proper administration and maintenance of the Staff Development

Fund, and cause such Fund to be audited annually and the provisions of Article 154 of the Constitution relating to the audit of accounts shall apply in respect of such audit.

Read on from s 13

Part IV

General

Read on from Part IV

Part V

Repeals and Savings

Read on from Part V

Schedules