Sri Lanka Consolidated Acts

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Textile Quota Board Act (No. 33 of 1996) - Sect 12

Fund of the Board

12.
(1) The Board shall have its own Fund and there shall be paid into the Fund-
(a) any sums of money made available to the Board under section 11,
(b) all such sums of money as may be received by the Board in the exercise, performance and discharge of its powers, duties and functions under this Act ,
(c) all such sums of money as may be received by the Board by way of donations, gifts or grants from any source whatsoever, whether in or outside Sri Lanka.
(2) There shall be paid out of the Fund all such sums of money required to defray any expenditure incurred by the Board in the exercise, performance and discharge of its powers duties and functions.


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