Sri Lanka Consolidated Acts

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Science And Technology Development Act (No. 11 of 1994) - Sect 38

Fund of Corporation

38.
(1) The Corporation shall have its own Fund.
(2) There shall be paid into the Fund of the Corporation"
(a) all such sums of money as may be voted from time to time, by Parliament for the use of the Corporation ;
(b) all such sums of money as may be received by the Corporation in the exercise, performance and discharge of its powers, duties and functions;
(c) all such sums of money as may be received by the Corporation by way of loan, donation, gift or grant from any source whatsoever;
(d) all such sums as are authorized or required to be paid to the Fund by any other provision of this Act.
(3) There shall be paid out of the Fund of the Corporation all sums of money required to defray any expenditure incurred by the Corporation in the exercise, performance and discharge of its power.', duties, and functions under this Act and any other expenses which are authorized or required to be paid out of the Fund of the Corporation by any other provision of this Act.


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