21.
| (1) The Central Board shall establish and maintain-
| | (i) a depreciation reserve to cover the depreciation of movable and immovable property of the Board ; and | | |
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| (2) Every Regional Transport Board shall establish and maintain-
| | (i) a depreciation reserve to cover the depreciation of the movable and immovable property of the Board ; and | | |
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| (3) The sums to be carried from time to time to the credit of each of the reserves specified in subsections (1) and (2) shall be as the Central Board and each respective Regional Transport Board with the concurrence of the Central Board, as the case may be, may determine. |
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| (4) The application of the moneys comprised in the general reserve of the Central Board shall be as that Board may determine. |
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| (5) The application of the moneys comprised in the general reserve of each Regional Transport Board shall be as that Regional Transport Board with the concurrence of the Central Board may determine. |
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| (6) The purposes of the general reserve of the Central Board and of every Regional Transport Board shall be-
and the powers of the Central Board and of each Regional Transport Board in relation to the general reserve shall be exercised accordingly.
| | (a) to ensure the financial stability of the undertaking of such Board ; | | |
| | (b) to prevent, in the case of each Regional Transport Board, frequent fluctuations in the fares levied by each such Board in respect of the omnibus and hiring car services, ferry services, and motor trans port services for the transport of goods provided by each such Board., | | |
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Sri Lanka Consolidated Acts