7.
| (1) A local authority shall have a fund called the Housing Extension Fund. |
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| (2) There shall be paid into the Housing Extension Fund-
| | (a) all sums received as rent by the letting of houses to which this Act applies; and | | |
| | (b) any sum allocated by the Government by way of grant to that local authority for housing projects, or any sum raised by way of loan by that local authority for such projects or voted by that local authority for such projects, or any sum paid by way of donation to that local authority for such projects. | | |
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| (3) No sum shall be paid out of the Housing Extension Fund except on the advice of the Advisory Board. |
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Sri Lanka Consolidated Acts