AMBULUWAWA DISSANAYAKE MUDIYANSELAGE JAYARATNE RELIGIOUS CENTRE AND BIO-DIVERSITY
COMPLEX TRUST FUND ACT

Arrangement of Sections

1. Short title.

2. Establishment of the Ambuluwawa Dissanayake Mudiyanselege Jayaratne Religious Centre and Bio-diversity Complex Trust Fund.

3. Board of Trustees of the Fund.

4. Objects of the Fund.

5. Seal of the Fund.

6. Powers and Functions of the Fund.

7. Payments into the Fund.

8. Payment out of the Fund.

9. Trust, contracts of the Fund deemed to be those of the Fund.

10. Accounts and audits.

11. Financial year of the Fund.

12. Exemption of the Fund from payment of duties.

13. Re-imbursement of expenses.

14. Officers and servants of the Fund deemed to be public servants under the Penal Code.

15. Fund deemed to be a Scheduled institution within the meaning of Bribery Act.

16. Succession of the founder.

17. Provisions of this Act to prevail over provisions of the Deed.

18. Sinhala text to prevail in case of inconsistency.

19. Interpretation.

44 of 2009.

AN ACT to provide for the establishment of a trust fund called the Ambuluwawa Dissanayake Mudiyanselage Jayaratne Religious Centre and bio-diversity complex trust fund; to specify its objects and powers and to provide for the matters connected therewith or incidental thereto.

[Date of Commencement: 21st August, 2009]

1. Short title.

This Act may be cited as the Ambuluwawa Dissanayake Mudiyanselage Jayaratne Religious Centre and Bio-diversity Complex Trust Fund Act.

2. Establishment of the Ambuluwawa Dissanayake Mudiyanselege Jayaratne Religious Centre and Bio-diversity Complex Trust Fund.

(1) There shall be established a Trust Fund which shall be called the Ambuluwawa Dissanayake Mudiyanselage Jayaratne Religious Centre and Bio-diversity Complex Trust Fund (hereinafter referred to as "the Fund”).

(2) The Fund shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession, and a common seal and may sue and be sued in such name.

3. Board of Trustees of the Fund.

(1) The administration, management and control of the Fund shall be vested in a Board of Trustees constituted as hereinafter provided.

(2) The Board of Trustees to the Fund (hereinafter referred to as "the Board”) shall consist of the following members—

(a) the founder;

(b) the Secretary to the Ministry of the Minister in charge of the subject of Environment and Natural Resources;

(c) the Secretary to the Ministry of the Minister in charge of the subject of Buddha Sasana; and

(d) seven persons appointed by the founder (hereinafter referred to as "appointed members”).

(3) The Founder shall be the Chairman of the Board.

(4) An appointed member of the Board may at any time resign his office by written communication addressed to the Chairman.

(5) A person shall be disqualified from being appointed or continuing in office as a member of the Board if he is—

(a) a person who having been declared an insolvent or bankrupt under any law in force in Sri Lanka or in any other country, is an undischarged insolvent or bankrupt; or

(b) convicted of an offence involving moral turpitude and punishable with imprisonment for a term not less than six months; or

(c) under any law in force in Sri Lanka, found or declared to be of unsound mind or mentally deficient.

(6) The term of office of an appointed member of the Board shall subject to the provisions of paragraphs (7) and (8) shall be three years.

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