Sri Lanka Consolidated Acts

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Village Councils Law (No. 6 of 1964) - Sect 62

Communal fund. [ 4, 80 of 1938.]

41. Every village area shall, for the purposes of this Ordinance, have a communal fund, and there shall be paid into that fund-
(a) all fines and penalties enumerated in the Second Schedule;
(b) all rates and taxes levied under sections 37, 39 and 40 ;
(c) all licence duties levied under section 38 and the amount of all stamp duties enumerated in the Third Schedule ;
(d) all sums realized by sales, leases, or other transactions of the Council;
(e) all revenue derived from any property vested in the Council or from any public service maintained by the Council;
(f) all sums appropriated by Parliament or allocated by the Minister1 to the Village Council:
(g) all sums otherwise accruing to the Council in the course of the exercise of its powers and duties under this Ordinance.


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