Sri Lanka Consolidated Acts

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Kandyan Scholarship Fund (Board of Trustees) Act (No. 25 of 1971) - Sect 8

Use of income

8. The Board shall utilize the income from investments and contributions for the following purposes:-
(a) to assist annually at least five students of science who are Kandvans, and who are selected, in accordance with the provisions of section 9. to continue their studies beyond the General Certificate of Education (Ordinary Level) Examination by granting each of them scholarships of the value of five hundred rupees for a year;
(b) to meet the expenses of the Fund.

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