Sri Lanka Consolidated Acts

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Sri Lanka Railways Authority Act (No. 60 of 1993) - Sect 25

Application of the revenue of the Railway Authority

25. The revenue of the Railways Authority in any year consisting of moneys received and accrued in the exercise and performance of its powers and duties, including income from sale of capital assets, shall be applied in defraying the following charges :
(a) the working and establishment expenses incurred by the Railways Authority in connection with the exercise and performance of its powers and duties, properly chargeable to revenue account;
(b) the interest on any loans raised by the Railways Authority under the provisions of this Act; and
(c) the taxes under any written law.


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