Sri Lanka Consolidated Acts

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Provincial Councils Act (No. 42 of 1987) - Sect 19

Provincial Fund of Province

19.
(1) There shall be a Provincial Fund for each Province into which shall be paid
(a) the proceeds of all taxes imposed by the Provincial Council of that Province;
(b) the proceeds of all grants made to such Provincial Council in respect of the Provincial by the Government of Sri Lanka;
(c) the proceeds of all loans advanced to the Provincial Council from the Consolidated Fund of Sri Lanka; and
(d) all other receipts of the Provincial Council,
(2) No moneys out of the Provincial Fund of a Province shall be appropriated except in accordance with, and for the purposes, and in the manner, provided in this Act.
(3) No sum shall be withdrawn from the Provincial Fund of a Province except under a warrant under the hand of the Chief Minister of the Province.
(4) No such warrant shall be issued unless the sum, has by statute of the Provincial Council, been granted for services for the financial year during which the withdrawal is to take place or is otherwise lawfully charged on the Provincial Fund of the Province.
(5) The custody of the Provincial Fund of a Province, the payment of 'moneys into such Fund, and all other, matters connected with. or ancillary to, those matters shall be regulated by rules made by the Governor.


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