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7. 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 moneys received by way of donation, testamentary disposition, transfer, contributions or fees shall be deposited in the name of the Corporation in one or more Banks as the

Executive Committee shall determine.

Thaliyawaka Ananda Bodhi Cultural

(2)

The Executive Committee may create any depreciation fund, reserve or sinking fund for the rehabilitation, improvement and development of the property of the Corporation.

(3)

There shall be paid out of the fund, all such sums of money as may be incurred as expenditure by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.