Sri Lanka Consolidated Acts

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Social Security Board Act (No. 17 of 1996) - Sect 21

Fund of the Board

21.
(1) The Board shall have its own Fund (here in after referred to as "the fund").
(2) There shall be paid into the Fund-
(a) all such sums of money so may be voted from time to time by parliament for the implementation of the scheme ;
(b) all sums of money paid as contributions to the scheme by contributors ;
(c) all sums of money received from any source, are gifts and donations, to the Fund ;
(d) all sums of money earned as interest or profits from the investments of the Board ;
(e) all sums of money received by the Board , in the exercise, discharge and performance, of its powers, duties and functions under this Act.
(3) There shall be paid out of the Fund, all sums of money required to defray expenditure incurred by the Board in the exercise, discharge, and performance, of its powers, duties and functions, under this Act, and all sums of money required to be paid out of the Fund, by or under this Act.


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