16.
| (1) The Board shall have its own Fund. There shall be credited to the Fund of the Board
| |
(a) all such sums of money as may be voted by Parliament for the use of the Board; and | | |
| |
(b) all such sums of money as may be received by the Board by way of
| | |
(i) donations, gifts or grants from any sources whatsoever, whether in or outside Ceylon, and |
|
(ii) all such sums of money as are required to be paid into such Fund by or under this Act. |
|
|
|
| (2) There shall be paid out of the Fund of the Board all sums of moneys required to defray any expenditure incurred by the Board in the exercise, discharge and performance of its powers, functions and duties. |
|
| (3) All sums of money received on account of the Fund of the Board shall be paid into such bank or banks as may be approved by the Board for the credit of the Board's general, current or deposit account. |
|
| (4) Any moneys in the Fund of the Board which are not immediately required for the purposes of the business of the Board shall be deposited in the General Treasury. |
|
|
Sri Lanka Consolidated Acts