Sri Lanka Consolidated Acts

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Jana Sahana Foundation (Incorporation) Act (No. 71 of 1992) - Sect 7

Fund of the Corporation

7.
(1) The Board of Management shall establish a fund called the " Jana Sahana Foundation Fund" (hereinafter referred to as the "Fund").
(2) All moneys heretofore, or hereafter to be, received by way of subscriptions, contributions, fees or grants, borrowings, gifts, bequests, devises, donation for, and on account of, and for the purposes of the Corporation shall be deposited to the credit of the Fund in one or more banks as the Board of Management shall determine.
(3) There shall be paid out of the Fund all sums of money required to defray any expenditure incurred by the Corporation in the exercise of its powers, under this Act.


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