Sri Lanka Consolidated Acts

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Paddy Marketing Board Act (No. 14 of 1971) - Sect 27

Application of the revenue of the Board

27. The revenue of the Board in any year shall be applied in defraying the following charges in the order of priority set out hereunder:-
(a) the working and establishment expenses (including allocations to the insurance reserve and depreciation reserve), in connection with the exercise and performance of the powers and duties of the Board, properly chargeable to revenue account;
(b) the interest on any temporary loan raised by the Board;
(c) any sum required to be transferred to any sinking fund or redemption fund; and
(d) the interest on, and the repayment of, the principal of any Government loan to the Board.


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