Sri Lanka Consolidated Acts

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Agrarian Services Act (No. 58 of 1979) - Sect 60

Agrarian Services Fund

60.
(1) There shall be established a fund to be known as the Agrarian Services Fund.
(2) There shall be paid into the Fund-
(a) all fines imposed by a court for any offence under this Act;
(b) all sums required under this or any other law to be paid into the Fund ;
(c) all such sums of money as may be voted from time to time by Parliament to the Fund ;
(d) any such sums of money as may be paid into the fund out of the Consolidated Fund;
(e) all such sums of money as the Commissioner may from time to time require to be paid into the Fund ;
(f) all sums of money collected as acreage levy under the Provisions of paragraph (b) of subsection (2) of section 48.
(3) The moneys of such Fund may be utilized for the improvement and development of agricultural productivity in Sri Lanka and for the administration and development of Agrarian Services Centres. The Commissioner shall be responsible for the administration of the Fund.
(4) The accounts of the Fund shall be maintained in such form and shall contain such particulars as the Commissioner may, with the concurrence of the Minister, from time to time specify.
(5) The accounts of the Fund for each financial year shall be audited by the Auditor-General.
(6) The financial year of the fund shall be the period of twelve months commencing on the first day of January each year.

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