Sri Lanka Consolidated Acts

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State Gem Corporation Act (No. 13 of 1971) - Sect 30

Reward fund

30.
(1) There shall be a fund which shall be called the Gem Reward Fund (in this Act referred to as " the reward fund ").
(2) The Corporation shall be responsible for the administration of the reward fund.
(3) There shall be credited to the reward fund all fines and penalties paid or recovered under this Act, the proceeds of the sale of all articles which are forfeited to Her Majesty under this Act, and all donations made to such fund.
(4) The Corporation may, from time to time, pay out of the reward fund a reward- of such sum of money as it may deem fit and necessary so to do, so however that such sum shall not, except with the prior concurrence of the Minister of Finance, exceed the sum fixed as the maximum limit of rewards by by-laws which are hereby authorized to be made for that purpose under this Act.
(a) to any employee of the Corporation; or
(b) to any public officer;
(c) to any informer,
(5) Such amounts, out of the balance moneys remaining in the reward fund after the payments referred to in sub-section (4) have been made, as may be determined from time to time by the Minister of Finance, may be transferred by the Corporation from that fund to the funds of the Corporation.
(6) The accounts of the reward fund shall be audited annually by the Auditor-General.


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