26.
| (1) The Institute shall have its own fund. |
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| (2) There shall be paid into the fund of the Institute
| | (a) all such sums of money as may be voted from time to time by Parliament by way of grant or loan for the use of the Institute subject to such terms and conditions as may be determined by the Minister in charge of the subject of Finance; | | |
| | (b) all sums of money received by the Institute in the exercise, discharge and performance of its powers, duties and functions; and | | |
| | (c) all sums of money received by way of gifts from local or foreign institutions. | | |
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| (3) There shall be paid out of fund of the Institute
| | (a) all such sums of money as are required to defray any expenditure incurred by the Institute in the exercise, discharge and performance of its powers, duties and functions ; 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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| (4) The moneys of the fund of the Institute shall be deposited in such bank or banks as may be determined by the Board and the account of the Institute in each such bank shall be in the corporate name of the Institute. |
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| (5) Any payment out of the fund of the Institute shall be made with the approval of the Board: |
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Sri Lanka Consolidated Acts