25.
| (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 the Parliament for the use of the Authority. | | |
| | (b) all such sums of money as may be received by the Authority in the exercise, performance or discharge of its powers, duties or functions ; | | |
| | (c) all such sums of money as may be received by the Authority by way of donations, gifts, or grants from any sources whatever, whether in or outside Sri Lanka; and | | |
| | (d) all such sums of money as may be transferred to the Authority by any Government department, public corporation or other institution. | | |
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| (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, performance and discharge of its powers, duties and functions. |
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| (3) The initial capital of the Authority shall be fifty 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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| (4) At the request of the Minister, the capital of the Authority may be increased from time to time by such amounts as may be authorized by an Appropriation Act, or by resolution of the Parliament, and such amounts shall be given or made available to the Authority by way of grants or by way of loans on such terms and conditions as may be determined by the Minister in charge of the subject of Finance. |
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Sri Lanka Consolidated Acts