Sri Lanka Consolidated Acts

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Ceylon Broadcasting Corporation Act (No. 37 of 1966) - Sect 23

The Fund of the Corporation

23.
(1) The Corporation shall have its own Fund.
(2) There shall be paid into the Fund of the Corporation-
(a) all such sums of money as may be voted from time to time by Parliament for the use of the Corporation;
(b) all such sums of money as may be advanced from time to time by the Minister of Finance to the Corporation;
(c) all sums of money received by the Corporation in the exercise, discharge and performance of its functions, powers and duties;
(d) such portion of the fees received each year under the Telecommunications Ordinance for the issue and renewal of radio licences as may be determined by the Minister in consultation with the Minister of Finance; and
(e) all other sums of money as are required by this Act or any regulation made thereunder to be paid to such Fund by the Corporation.
(3) There shall be paid out of the Fund of the Corporation all sums of money required to defray any expenditure incurred by the Corporation in the exercise, discharge and performance of its functions, powers and duties under this Act or any other written law and all such sums of money as are required to be paid out of such Fund by or under this Act.

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