Sri Lanka Consolidated Acts

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Sri Lanka Railways Authority Act (No. 60 of 1993) - Sect 19

The Fund of the Railways Authority

19.
(1) The Railways Authority shall have its own Fund.
(2) There shall be paid into the Fund of the Railways Authority
(a) all such sums as may be voted from time to time by Parliament for the use of the Railways Authority ;
(b) all such sums as may be received by the Railways Authority in the exercise, performance and discharge of its powers, duties and functions under this Act; and
(c) all such sums of money as are vested in the Railways Authority by reason of the operation of any provision of this Act.
(3) There shall be paid out of the Fund of the Railways Authority all such sums as are required to defray all expenses incurred by the Railways Authority in the exercise, performance and discharge of its powers, duties and functions under this Act.


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