Sri Lanka Consolidated Acts

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Agrarian Development Act (No. 46 of 2000) - Sect 97

Agrarian Development Fund

97.
(1) There shall be established a Fund to be known as the Agrarian Development Fund.
(2) There shall be paid into the Fund -
(a) all fines imposed by Court for any offence under this Act:
(b) all sums required under this or any other law to be paid into the Fund and all such sums which are received as donation;
(c) all sums of money as may be voted from time to time by Parliament to the Fund;
(d) all such sums of money as the Commissioner- General may from time to time require to be paid into the Fund; and
(e) such percentage as may he prescribed of all sums of money collected as acreage tax under the provisions of this Act.
(3) The moneys of such fund may be utilised for the enforcement of new agricultural policies, for the improvement and development of supplies, for the administration and development of Agrarian Centres, for the maintenance and repair of buildings, vehicles and equipment of such centres, for the purchase of furniture, for the purpose of training and research, supply of transport facilities to officers and in general for the administration and development of Agrarian Development Councils and for the provision of financial aid to Agrarian Development Councils and Farmers' Organisations.
(4) The accounts of the Fund shall be maintained in such form and shall contain such particulars as the Commissioner- General may, with the concurrence of the Minister, from time to time specify.
(5) The accounts of the Fund for each financial year shall be audited by the Auditor - General
(6) The financial year of the Fund shall be the period of twelve months commencing on the first day of January each year.


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