Sri Lanka Consolidated Acts

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Vijaya Kumaratunga Memorial Foundation (Incorporation) Act (No. 31 of 1998) - Sect 10

Fund of the Foundation

10.
(1) The Foundation shall have its own fund. (hereinafter called and referred to as the "Fund").
(2) There shall be credited to the Fund-
(a) all such sums of money as may be received by the Foundation in the exercise, discharge and performance of its powers, functions and duties under this Act; and
(b) all such sums of money as may be received by the Foundation, by way of loans, donations, gifts or grants from any source, whether in Sri Lanka or abroad; and
(c) all such sums of money as may be voted from time to time by the Parliament for the use of the Foundation.
(3) There shall be paid out of the Fund of the Foundation-
(a) all such sums of money as are required to defray any expenditure incurred by the Foundation in the exercise, discharge and performance of its powers, duties and functions under this Act; and
(b) all such sums of money as are required to be paid out of such Fund, by or under this Act.


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