Sri Lanka Consolidated Acts

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National Environmental Act (No. 47 of 1980) - Sect 5

"Fund of the Authority,

5.
(1) The Authority shall have its own Fund. There shall be credited to 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 of money as may be received by the Authority in the exercise, discharge and performance of its powers, functions and duties : and
(c) all such sums of money as may be received by the Authority by way of loans, donations, gifts, or grants from any sources whatsoever, whether in. or outside Sri Lanka.
(2) There shall be paid, out of the Fund of the Authority all such sums of money required to defray any expenditure incurred by the Authority in the exercise, discharge and performance of its powers, functions and duties.
(3) The initial capital of the Authority shall be twenty million rupees. The amount of the initial, capital shall be paid out of the Consolidated Fund in such instalments as the Minister in charge of the subject of Finance may in consultation with the Minister determine and such sums shall be credited to the Fund established under subsection (1).


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