Sri Lanka Consolidated Acts

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Development Councils Act (No. 35 of 1980) - Sect 19

The Development Fund and its constituents

19.
(1) Every Development Council shall, for its general financial purposes, 'establish a Development Fund (hereinafter referred to as the " Fund ").
(2)There shall be payable into the Fund -
(a) all rates, taxes, duties, fees and other charges levied by the Council by virtue of this Act or of any other written law ;
(b) all fines levied and penalties recovered under the authority of this Act, or any enactment the administration of which may be vested in the Council;
(c) all sums realized by sale, leases or other transactions of the Council;
(d) all revenue derived by the Council from any property vested in the Council or by the administration of any public service ;
(e) all sums and all sources of revenue from time to time appropriated or made over to the Council by Parliament, whether by resolution or otherwise ;
(f) all grants and appropriations allocated to the Council by the appropriate Minister in consultation with the Minister;
(g) the proceeds of all loans raised by the Council with the prior approval of the Minister in charge of the subject of Finance in consultation with the Minister;
(h) any donations or other assistance made generally or for any specified project with the approval of the Minister;
(i) all sums otherwise accruing to the Council in the course of the exercise of its powers and duties.


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