University Grants Commission is the body responsible for funding most of the State Universities in Sri Lanka, and operates within the frame work of the Universities Act No. 16 of 1978. A public organisation, established under the Parliament Act No 16 of 1978. Location is at No 20, Ward Place Colombo 07.

Sampath Amaratunge is the chairman of the University Grants Commission, Sri Lanka. He was appointed by the president on 2 January 2020, and assumed the role the following day. Amaratunge was previously the vice-chancellor at the University of Sri Jayewardenepura, Sri Lanka, and the chairman of the Committee of Vice-Chancellors and Directors (CVCD). He was elected as a member of the Association of Commonwealth Universities United Kingdom as a member representing constituency II.