Sri Lanka Consolidated Acts

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National Library And Documentation Services Board Act (No. 51 of 1998) - Sect 20

Fund of the Board

20.
(1) The Board shall have its own Fund, called the National Library and Documentation Services Board Fund (in this Act referred to as "the Fund")
(2) There shall be credited to the Fund-
(a) all such sums of money as may be voted from time to time by Parliament for the use of the Board;
(b) all such sums of money as may be received by the Board in the exercise, discharge and performance of its powers, functions and duties under this Act;
(c) all such sums of money as may be received by the Board by way of loans, donations, gifts or grants from any source whatsoever, whether in or outside Sri Lanka. ; and
(d) all such sums of money as are transferred to the Fund under subsection (1) of section 32.
(3) There shall be paid out of the Fund of the Board-
(a) all such sums of money as are required to defray any expenditure incurred by the Board in the exercise, discharge and performance of its powers, duties and functions under this Act; and
(b) all such sums of money as are required to be paid out of such Fund, by or under, this Act.


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