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srilawsby aturio
As enacted
Contents

Part III · Finance

8. Fund of the Authority

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

(1)

The Authority shall have its own fund.

(2)

The Fund shall be called “Sugathadasa National Sports

Complex Fund” (hererinafter referred to as “the Fund”).

(3)

There shall be paid into Fund––

(a)

all such sums of money as are lying on the day preceding the appointed date, to the credit of

Sugathadasa National Sports Complex Trust Fund established in pursuance of Cabinet decision dated

October 25, 1995 ;

(b)

all such sums of money as may be voted by

Parliament annually, for the use of the Authority ;

(c)

all such sums of money as may be received by the

Authority as grants, gifts, or donations from local or foreign sources ;

Sugathadasa National Sports Complex Authority

(d)

all such sums of money as may be received by the

Authority, as fees for services or facilities rendered or provided by the Authority or in the exercise or discharge of its powers and functions under this

Act.

(4)

There shall be paid out of the Fund––

(a)

all such sums of money as may be required to defray any expenditure incurred by the Board in the exercise and discharge of its powers and functions under this Act ;

(b)

all such sums of money as are required to be paid out of the fund by any provision of this Act ; and

(c)

all such sums of money as are required to meet any liabilities of the Sugathadasa National Sports

Complex Trust Fund and subsisting on the day preceding the appointed date.

Read on from s 9

Part IV

General

Read on from Part IV

Schedules