Sri Lanka Consolidated Acts

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River Valleys Development Board Act (No. 18 of 1965) - Sect 23

Fund of the Board

23.
(1) The Board shall have its own fund. All moneys received by the Board, including such sums as may be voted by Parliament for the use of the Boards shall be credited to the fund, and all payments made by the Board shall be made therefrom.
(2) The excess of the revenue over the expenditure of the Board for each financial year shall, after the deduction of any sum necessary for such reserves for depreciation or any other purpose as the Minister may approve, be paid by the Board to the General Treasury.


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