DHAMMA SCHOOL FUND ACT

Arrangement of Sections

1. Short title.

2. Establishment of the Dhamma School Fund.

3. Board of Management of the Fund.

4. Constitution of the Board.

5. Advisory Committee.

6. Advisory Committee to advise and assist the Board.

7. Object of the Fund.

8. Power of the Fund.

9. Dhamma School Fund Account.

10. Payment from the Account.

11. Investment of money of the Fund.

12. Officers and servants of the Fund.

13. Accounts and audit.

14. Auditor-General's in statement and report to be placed before Parliament.

15. Officer and servants of the fund deemed to be Public servants.

16. The Fund deemed to be a scheduled institution within the meaning of the Bribery Act.

17. Exemption from certain taxes.

18. Protection of action.

19. Sinhala text to prevail in case of inconsistency.

20. Interpretation.

52 of 2000.

AN ACT to provide for the establishment of a fund to be called the "Dhamma School Fund” to raise funds to preserve and foster, Dhamma Schools in Sri Lanka: and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 18th August, 2000]

1. Short title.

This Act may be cited as the Dhamma School Fund Act.

2. Establishment of the Dhamma School Fund.

(1) There shall be established a Fund called the "Dhamma School Fund” (hereinafter referred to as the "Fund”).

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

3. Board of Management of the Fund.

(1) The administration, management and control of the affairs of the Fund shall be vested in a Board of Management (hereinafter referred to as the "Board”) constituted as hereinafter provided.

(2) The Board shall for the purposes of administering, managing and controlling the affairs of the Fund exercise, discharge and perform, the powers functions and duties conferred or imposed on or assigned to, the Fund by this Act.

(3) Subject to the provisions of this Act, the Board shall have the power to make rules regulating the procedure in regard to its meetings and the transaction of business at such meetings.

4. Constitution of the Board.

(1) The Board shall consist of the following—

(a) the President of the Republic or a member of the Cabinet of Ministers nominated by the President;

(b) the Leader of the Opposition in Parliament or his nominee;

(c) the Minister in charge of the subject of Buddha Sasana;

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

(e) the Public Trustee;

(f) the Commissioner of Buddhist Affairs; and

(g) two other members appointed by the President, from among persons who have had experience in Buddhist Affairs and Education.

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