Sri Lanka Consolidated Acts

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National Aquaculture Development Authority Of Sri Lanka Act (No. 53 of 1998) - Sect 20

Fund of the Authority

20.
(1) The Authority shall have its own Fund. There shall be paid into the Fund of the Authority-
(a) all such sums of money as may be voted from time to time by Parliament for the use of the Authority ;
(b) all such sums as were lying to the credit of the Aquaculture Development Division of the Ministry of Fisheries and Aquatic Resources on the day preceding the appointed date ;
(c) all such sums of money as may be received by the Authority in the exercise and discharge of its powers, and functions under this Act;
(d) all such sums of money as may be received by the Authority by way of fees and charges ;
(e) all such sums of money as may be received by the Authority by way of loans, donations, subsidies, gifts or grants from any source whatsoever;
(2) There shall be paid out of the Fund of the Authority all such sums as are required to defray any expenditure incurred by the Authority in the exercise, and discharge of its powers, and functions under this Act.

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