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Contents

Part III · Finance

21. Reserves

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

(1)

The Board shall in Order to ensure the financial stability of the undertakings of the Board establish and maintain —

(a)

a depreciation reserve to cover the depreciation of movable and immovable property of the Board; and

(b)

a general reserve.

(2)

The sums to be carried from time to time to the credit of each of the reserves specified in subsection (1) shall be as the Board may determine.

(3)

The application of the moneys comprised in the reserves of the Board shall be as that Board may determine.

Read on from s 22

Part IV

Offences

Read on from Part IV

Part V

General

Read on from Part V

Part VI

Repeal and Transitional

Read on from Part VI

Part VII

Amendments to the National Transport Commission Act…

Read on from Part VII