Sri Lanka Consolidated Acts

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Ceylon Tourist Board Act (No. 10 of 1966) - Sect 20

The Fund of the Board

20.
(1) The Board shall have its own Fund.
(2) There shall be paid into the Fund of the Board-
(a) all such sums of money as may be voted by Parliament for the use of the Board;
(b) all sums of money received by the Board in the carrying on of its business or in the exercise, discharge and performance of its powers, functions and duties under this Act or any other written law; and
(c) all such sums of money as are required to be paid into such Fund by or under this Act.
(3) There shall be paid out of the Fund of the Board all sums of money required to defray any expenditure incurred by the Board in the carrying on of its business or in the exercise, discharge and performance of its powers, functions and duties under this Act or any other written law, and all such sums of money as are required to be paid out of such Fund by or under this Act.


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