Sri Lanka Consolidated Acts

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Common Amenities Board (Amendment) Act (No. 24 of 2003) - Sect 18

Amendment of section 18 of the principal enactment

18. Section 18 of the principal enactment is hereby amended as follows: -
(1) by the repeal of subsection (2) of that section and the substitution therefor of the following :-
"(2) There shall be credited to the Fund of the Authority : -
(a) all such sums of money as may be voted from time to time by the Parliament for the use of the Authority ;
(b) all such sums of money as may be received by the Authority in the exercise. performance or discharge of its powers, duties or functions;
(c) all such sums of money as may be received by the Authority by way of donations, gifts, or grants from any source whatsoever, whether in or outside Sri Lanka ; and
(d) all such sums of money as may be transferred to the Authority by any Government department, public corporation or other institutions.'; and
(2) by the insertion immediately after subsection (2) of the following subsection : -
"(2A) There shall be paid out of the Fund of the Authority all such sums of money required to defray any expenditure incurred by the Authority in the exercise, performance and discharge of its powers, duties and functions.".


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