38.
| (1) The Hotel School established under the provisions of the Ceylon Tourist Board Act, No. 10 of 1966 shall vest in the Institute from the date of the coming into operation of this Act. |
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| (2) All property movable and immovable belonging to the Institute on the date of vesting shall stand transferred to the Institute. |
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| (3) All members of the staff of the Hotel School shall on the date of the coming into operation of this Act, be deemed to be the staff of the Institute, with effect from the said date. |
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| (4) All moneys lying to the credit of the Hotel School shall be transferred to the Fund established under section 19. |
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Sri Lanka Consolidated Acts