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As enacted
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Contents

Part VIII · Finance

44. Fund of the Authority

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Authority shall have its own Fund. There shall be credited to the Fund of the Authority, all such sums of money :—

(a)

received as initial capital of the Authority;

(b)

voted from time to time by the Parliament for the use of the Authority;

(c)

received by the Authority by way of fees imposed for the issue of permits under this Act; and

(d)

received by the Authority by way of loans, donations, gifts, or grants from any source whatsoever, whether in or outside Sri Lanka ; and

(e)

received by the Authority, by way of lease rentals under section 32.

(2)

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

Read on from s 45

Part IX

Staff of the Authority

Read on from Part IX

Part X

General

Read on from Part X

Schedules