12.
| (1) The Foundation shall have its own fund. |
|
| (2) There shall be credited to the fund of the Foundation"
| | (a) all such sums of money as may be received by the Foundation in the exercise, discharge and performance of its powers, functions and duties; and | | |
| | (b) all such sums of money as may be received by the Foundation by way of loans, donations, gifts or grants from any source whatsoever, whether in or out side Sri Lanka. | | |
|
|
| (3) There shall be paid out of the fund of the Foundation"
| | (a) all such sums of money as are required to defray any expenditure incurred by the Foundation in the exercise, discharge and performance of its powers, duties and functions under this Act; and | | |
| | (b) all such sums of money as are required to be paid out of such fund, by or under, this Act; and | | |
|
|
|
Sri Lanka Consolidated Acts