CONTINGENCIES FUND ACT

Arrangement of Sections

1. Short title.

2. Contingencies Fund.

3. Provision relating to advance made from the Contingencies Fund created by Law No. 11 of 1972.

4. Provision relating to sums paid out of the fund which was operated as a Contingencies Fund during the period commencing on September 7, 1978 and ending on the 31st May, 1979.

5. The aggregate of the sums specified in the First, Second, Third and Fourth Schedules deemed to have been paid out of the Consolidated Fund to the Fund.

6. Section-6.

SCHEDULES

35 of 1979.

AN ACT to create a Contingencies Fund and to provide for matters connected therewith and incidental thereto.

[Date of Commencement: 7th September, 1978]

1. Short title.

This Act may be cited as the Contingencies Fund Act.

2. Contingencies Fund.

(1) A Contingencies Fund (hereinafter referred to as "the Fund”) is hereby created for use in the circumstances, and in the manner, set out in Article 151(1) of the Constitution of the Democratic Socialist Republic of Sri Lanka.

(2) A sum of forty million rupees shall be paid out of the Consolidated Fund to the Fund and such sum shall form part of the Fund.

(3) There shall be credited to the Fund all such moneys as may from time to time be voted by Parliament as allocations to the Fund.

3. Provision relating to advance made from the Contingencies Fund created by Law No. 11 of 1972.

(1) Every sum specified in the First Schedule to this Act, being an advance which was made prior to September 7, 1978, from the Contingencies Fund created by the Contingencies Fund Law, No. II of 19721, and which has not been replaced on the 31st day of May, 1979, shall be deemed to be an advance made from the Fund and shall be replaced in accordance with the provisions of paragraph (3) of Article 151 of the Constitution of the Democratic Socialist Republic of Sri Lanka.

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