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9. Fund of the Corporation

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

(1)

The Corporation shall have its own fund and all money received by way of gift, testamentary disposition, transfer, donation, contributions, or fees shall be deposited in the name of the Corporation in one or more banks as may be determined by the Executive Committee.

(2)

The Corporation may establish any depreciation fund, reserve or sinking fund for the purpose of rehabilitation, development and improvement of the property of the

Corporation.

(3)

All expenses incurred by the Corporation in exercising and discharging it’s powers and functions shall be paid out of the Fund.