50.
| (1) There shall be a fund of the University to be called the " University Fund ", into which shall be paid-
| | (a) moneys provided by Parliament from time to time for the use of the University; | | |
| | (b) fees to be paid to the University in accordance with the provisions of any appropriate Instrument; | | |
| | (c) income from endowments; and | | |
| | (d) all other moneys belonging to the University from whatsoever source derived or received. | | |
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| (2) All moneys belonging to the University Fund shall be deposited in such banks or invested in such manner as may, subject to the approval of the Minister of Finance, be decided by the Board of Governors. |
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| (3) The Board of Governors may disburse such sums as it may think fit for performing its functions under this Act and such sums shall be treated as expenditure payable out of the University Fund. |
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Sri Lanka Consolidated Acts