Sri Lanka Consolidated Acts

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Institute Of Fundamental Studies, Sri Lanka Act (No. 55 of 1981) - Sect 34

Fund of the Institute

34.
(1) The Institute shall have its own Fund.
(2) There shall be paid into the Fund of the Institute-
(a) all such sums of money as may be voted from time to time by Parliament for the use of the Institute ;
(b) all sums of money received by the Institute in the exercise, discharge and performance of its powers, functions and duties ; and
(c) any gifts or donations of money:
(3) There shall be paid out of the Fund of the Institute all sums of money required to defray any expenditure incurred by the Institute in the exercise, discharge and performance of its powers, functions and duties and all such sums of money required to be paid out of such Fund by or under this Act.


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