Sri Lanka Consolidated Acts

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Agrarian Development Act (No. 46 of 2000) - Sect 37

Establishment of the Land Bank

37.
(1) There shall be established a Land Bank entrusted with the possession of certain agricultural lands, under this Act for all or any of the following purposes :-"
(a) granting of such agricultural lands to cultivators who can improve agricultural productivity of such lands ;
(b) enabling agricultural lands which are not satisfactorily cultivated to be cultivated according to the provisions of this Act:
(c) the provision of financial assistance to tenant cultivators to purchase the ownership of the paddy land in respect of which they are the tenant cultivators; and
(d) enabling owners of paddy lands to purchase the right of cultivation of such paddy lands, by the granting of monetary assistance.
(2) Until a Land Bank is constituted under the provisions of subsection (1) each Agrarian Development Council shall discharge the functions of the Land Bank :
(3) Regulations may be made in respect of the powers and activities, of the Land Bank.

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