Sri Lanka Consolidated Acts

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Agricultural And Agrarian Insurance Act (No. 20 of 1999) - Sect 31

Property of the Republic both immovable and movable to be made available, to the Board and acquisition of immovable property under the Land Acquisition Act for the Board

31.
(1) Where any immovable properly of the Republic is required for the purpose of the business of the Board, such purpose shall be deemed to be a purpose for which a special grant or lease of such properly may be made under section 6 of the Crown Lands Ordinance, and accordingly, the provisions of that Ordinance shall apply to a special grant or lease of such properly to the Board.
(2) Where any movable property of the Republic is required for the purpose of the business of the Board, the Minister may by Older published in the Gazette transfer to and vest in the Board the possession and use of such movable property.
(3) Where any immovable property is required to be acquired for the purpose of the business of the Board, and the Minister, by Order published in the Gazette, approves of the proposed acquisition, that property shall be deemed to be required for a public purpose and may accordingly be acquired under the Land Acquisition Act and be transferred to the Board.
(4) Any sum payable as compensation for the acquisition of any immovable property under the Land Acquisition Act for the purposes of the Board shall be paid by the Board out of the Fund.


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