Sri Lanka Consolidated Acts

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Development Lotteries Board Act (No. 20 of 1997) - Sect 13

Fund of the Board,

13
(1) The Board shall have its own Fund, (hereinafter referred to as the "Fund")
(2)There shall be credited to the Fund -
(a)all such sums of money as may be voted from time to time by Parliament, for the use of the Board ; and
(b)all such sums of money as are required by this Act to be paid to the Fund.
(3)There shall be paid out of the Fund all such sums of money as are required to defray the expenditure incurred by the Board in the exercise and discharge of its powers and functions under this Act and all such sums of money as are required to be paid out of the Fund by this Act.
(4) All cheques for the payment of moneys out of the fund shall be signed by such member of the Board and by any such officer employed by the Board as may be prescribed by rules made by Board.


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