14.
| (1) The Authority shall have its own Fund. |
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| (2) There shall be paid to the Fund of the Authority
| | (a) all such sums of money as may be voted from time to time by Parliament for the use of the Authority ; | | |
| | (b) all such sums of money as, may be received by the Authority in the exercise, performance and discharge of its powers, duties and functions ; | | |
| | (c) all such sums, of money as may be received by the Authority by way of loans, donations, gifts or grants from any source whatsoever ; and | | |
| | (d) all sums accruing to the credit of the Authority. | | |
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| (3) The Authority may utilize the funds of the Authority for the purpose of defraying any expenditure incurred in the management of the affairs of the Authority, the trans action of business of the Authority, the payment of remuneration to the members of the Authority and the employees of the Authority, the exercise of the powers and the performance of the duties and functions of the Authority under this, Act and other written law, and for such other purposes as the Authority may authorize from time to time. |
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| (4) The initial capital of the Authority shall be one million rupees. The amount of the initial capital shall be paid out of the Consolidated Fund in such installments as the Minister in charge of the subject of Finance may in consultation with the Minister determine and such sums shall be credited to the Fund established under subsection (1). |
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Sri Lanka Consolidated Acts