Sri Lanka Consolidated Acts

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Sri Lanka Standards Institution Act (No. 6 of 1984) - Sect 32

Accumulated Fund

32.
(1) The Institution shall have a Fund, called the Accumulated Fund.
(2) There shall be paid into the Accumulated Fund
(a) all such sums of money as may be vested by Parliament as capital expenditure of the Institution; and
(b) all such sums of money lying to the credit of the Capital Fund established by section 31 of the Bureau of Ceylon Standards Act, No. 38 of 1964.
(3) The moneys credited to the Accumulated Fund shall be utilized for expenditure of a capital nature and for such other purposes to be determined by the Council.


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