Sri Lanka Consolidated Acts

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Sri Lanka National Freedom From Hunger Campaign Law (No. 15 of 1973) - Sect 12

Funds of the Board

12.
(1) The Board shall have and maintain its own fund.
(2) There shall be paid into the fund of the Board-
(a) a grant of two hundred thousand rupees out of the Consolidated Fund and such further grants as may, from time to time, be paid out of the Consolidated Fund, by resolution of the National State Assembly;
(b) such moneys as are lying on the day immediately preceding the date on which this Law comes into operation, to the credit of the Ceylon National Freedom From Hunger Campaign Committee in the People's Bank;
(c) such service charges as may accrue to the Board on all aid disbursed to Government and nongovernmental projects;
(d) such moneys which will accrue from time to time to the Board under section 4 of this Law;
(e) such trust funds as may be made available to the Board in terms of section 20 of the Trusts Ordinance.
(3) There shall be paid out of the fund of the Board-
(a) all such sums of money required to defray the expenses of the Board, incurred in the exercise of its powers and the discharge of its functions under this Law;
(b) the initial expenses incurred in the establishment of the Board and the recruitment of the staff, purchase of equipment and such other expenses as are necessary or incidental to the establishment of the Board;
(c) all such moneys as may become payable from time to time in respect of projects approved by the Board.

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