| (2) Without prejudice to the generality of the powers conferred by subsection (1), the Board may exercise and discharge the following powers and functions:-
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| (a) to raise funds or receive grants, gifts or donations in cash or kind, whether from local or foreign sources; | | |
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| (b) to conduct lotteries and award prizes with the approval of the Government; | | |
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| (c) to hold competitions and to award prizes, certificates and other forms of recognition to any person who takes part in any such competition; | | |
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| (d) to enter into or perform either directly Or through officers and servants or agents authorized in writing in that behalf by the Board, all such contracts and agreements as may be necessary for the exercise, discharge and performance of its powers, functions and duties and for carrying out the objects of the Fund; | | |
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| (e) to invest funds belonging to the Fund in any investments, and to recall, reinvest and vary such investments and collect income accruing from such investments ; | | |
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| (f) to make rules relating to all matters connected with the working of the Fund, including the financial control of, and accounting procedures relating to, financial or any other assistance from the Fund, and the conditions to be imposed for ensuring the proper application of any financial or other assistance granted by the Fund; | | |
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| (g) to make rules determining the terms and conditions of service of the officers and servants of the Fund; | | |
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| (h) to exercise disciplinary control over the officers and servants of the Fund; and | | |
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| (i) to do any other acts as the Board may consider necessary or conducive for the attainment of the objects of the Fund. | | |
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Sri Lanka Consolidated Acts