6.
| (1) There shall be established, for the purposes of this Act, a Seaport Fund and an Airport Fund. Each such Fund shall be administered by the competent authority subject to the general direction and control of the Minister of Finance. |
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| (2) The competent authority shall pay-
| | (a) to the Seaport Fund all sums paid or recovered as embarkation tax under this Act in respect of persons leaving Ceylon by ship, and | | |
| | (b) to the Airport Fund all sums paid or recovered as embarkation tax under this Act in respect of persons leaving Ceylon by aircraft. | | |
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| (3) There shall be paid-
| | (a) out of the Seaport Fund the expenses incurred in the administration and enforcement of such of the provisions of this Act and the regulations made thereunder as relate to the levy and recovery of the embarkation tax in respect of persons leaving Ceylon by ship, and in the administration of that Fund, and | | |
| | (b) out of the Airport Fund the expenses incurred in the administration and enforcement of such of the provisions of this Act and the regulations made thereunder as relate to the levy and recovery of the embarkation tax in respect of persons leaving Ceylon by aircraft, and in the administration of that Fund, | | |
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| (4) The competent authority shall, after the end of each quarter of each year, furnish to the Minister of Finance a statement showing the financial position of the Seaport Fund and the Airport Fund in respect of that quarter. |
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| (5) The whole or any part of the surplus which may, at the end of each quarter of any year, be found to the credit of the Seaport Fund after all the payments authorized by this Act to be made out of that Fund have been made may be applied, in such manner as the Minister of Finance may from time to time determine, to the improvement of the services and amenities provided for passengers at seaports in Ceylon. |
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| (6) The whole or any part of the surplus which may, at the end of each quarter of any year, be found to the credit of the Airport Fund after all the payments authorized by this Act to be made out of that Fund have been made may be applied, in such manner as the Minister of Finance may from time to time determine, to the improvement of the services and amenities provided for passengers at airports in Ceylon. |
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Sri Lanka Consolidated Acts