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srilawsby aturio
As enacted
Contents

Part III · Finance

26. The 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)

The Fund of the Commission shall comprise of -

(a)

all such sums of money as may be voted from time to time by Parliament;

(b)

all such sums of money as may be received by the

Commission by way of interest on investments, donations, gifts or grants from any source whatsoever, whether within or outside Sri Lanka:

Provided however, the Commission shall obtain the prior written approval of the Department of

External Resources of the Ministry of the Minister assigned the subject of Finance, in respect of all foreign grants, gifts or donations made and loans, donations, gifts, bequests and grants received from any source within Sri Lanka shall be credited to the

Consolidated fund and shall thereafter, with the approval of the Parliament, be credited to the Fund of the Commission;

(c)

all sums of money received as income from investments made by the Commission; and

(d)

all such money levied as fees and contributions.

(3)

There shall be paid out of the Fund of the

Commission -

(a)

all such sums of money as are required to defray any expenditure incurred by the Commission in the exercise, performance and discharge of its powers, duties and functions under this Act; and

(b)

all such sums of money as are required to be paid out of the Fund by or under this Act.

Read on from s 27

Part IV

General

Read on from Part IV