Sri Lanka Consolidated Acts

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National Crafts Council And Allied Institutions Act (No. 35 of 1982) - Sect 18

Fund of the Council

18.
(1) The Council shall have its own fund. There shall be credited to the Fund of the Council
(a) all sums of money as may be voted from time to time by Parliament for the use of the Council;
(b) all sums of money as may be received by the Council by way of donations, gifts or grants from any source whatsoever, whether in or outside Sri Lanka ;
(c) all sums of money as may be transferred to the Council according to law by any Government department, public corporation or other institution ; and
(d) the proceeds of all cess imposed under this Part on the export of handicrafts.
(2) There shall be paid out of the Fund of the Council all such sums of money as may be required to defray any expenditure incurred by the Council in the exercise, performance and discharge of its powers, duties and functions.


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