Sri Lanka Consolidated Acts

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Clothing Industry Training Institute Act (No. 3 of 1984) - Sect 22

Fund of the Institute

22.
(1) The Institute shall have its own Fund.
(2) There shall be paid into the Fund all such sums of money as may be received by the Institute by way of -
(a) payments required to be made into such Fund by or under this Act;
(b) fees collected from trainees on registration ;
(c) fees charged for services rendered or training provided by the Institute ; and
(d) donations.
(3) There shall be paid out of the Fund of the Institute all such sums of money required to defray any expenditure incurred by the Institute in the exercise, performance and discharge of its powers, functions and duties.

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