ENERGY CONSERVATION FUND ACT

Arrangement of Sections

PART I

ESTABLISHMENT OF THE ENERGY CONSERVATION FUND

1. Short title.

2. Establishment of the Energy Conservation Fund.

3. Board of Directors of the Fund.

4. Chairman of the Board.

5. The Seal of the Fund.

PART II

OBJECTS AND POWERS

6. Objects of the Fund.

7. Powers, duties and functions of the Board.

8. Grants by the Government.

9. Payments into the Fund.

10. Payments out of the Fund.

11. Financial Year and the Audit of Accounts of the Fund.

12. Appointment of officers to administer the fund.

13. Protection of Members of the Board and officers of the Fund from action under this Act.

14. No writ to issue against person or property of a member of the Board.

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

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

2 of 1985.

AN ACT to provide for the establishment of a Fund called the Energy Conservation Fund to specify its objects and powers and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 9th January, 1985]

1. Short title.

This Act may be cited as the Energy Conservation Fund Act.

PART I

Establishment of the Energy Conservation Fund

2. Establishment of the Energy Conservation Fund.

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

(2) The Fund shall by the name assigned to it 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 Directors of the Fund.

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

(2) The Board of Directors of the Fund shall consist of:

(a) the following members to be appointed by the Minister (hereinafter referred to as "appointed Members”)—

(i) one member from among persons who appear to the Minister to have had experience and shown capacity in dealing with matters connected with power and energy conservation in their administrative, scientific, technical, economic and planning aspects;

(ii) one member from the General Treasury in consultation with the Minister in charge of the subject of Finance;

(iii) one member from the Department of Conservation of Forests in consultation. with the Minister in charge of the subject of Conservation of Forests; and

(iv) one member who in the opinion of the Minister, is representative of the major energy users in the public sector in consultation with the appropriate Minister; and

(b) the following ex-officio members—

(i) the Secretary to the Ministry of the Minister;

(ii) the Chairman of the Ceylon Petroleum Corporation or his representative; and

(iii) the Chairman of Ceylon Electricity Board or his representative.

(3) The Minister shall appoint one of the members to be the Chairman of the Board.

(4) The Minister may, if he considers it expedient to do so, remove any appointed member of the Board from office without assigning any reason therefore.

(5) An appointed member of the Board may, at any time resign his office by letter addressed to the Minister.

(6) The quorum for a meeting of the Board shall be three members.

(7) Subject to the provisions of subsection (6) the Board may regulate the procedure in regard to its meetings and the transaction of business at such meetings.

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