Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Tea Research Board Act (No. 52 of 1993) - Sect 14

The Fund of the Board

14.
(1) There shall be established a Fund to be called the Tea Research Fund (hereinafter referred to as " the Fund").
(2) There shall be paid into the Fund
(a) such sums of money as may be received by the Board in the exercise, performance and discharge of its powers, duties and functions under this Act;
(b) such sums of money as may be received by the Board, by way of grants, donations, bequests from any source whatever, whether in Sri Lanka or abroad;
(c) The proceeds of the cess on tea imposed under section 13.
(3) There shall be paid out of the Fund all sums of money as may be authorized by the Board for the purpose of defraying any expenditure incurred by the Board, in the exercise, performance and discharge of its powers, duties and functions under this Act.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]