3. Section 8 of the Air Navigation (Special Provisions) Act, No. 2 of 1982, is hereby amended by the substitution for paragraphs (a) and (b) of that section, of the following paragraphs: -
| " (a)
| | (i) all immovable property in the possession and control of the Airports Authority on the day immediately preceding the appointed date shall be transferred to, and vest in, the Director of Civil Aviation ; | | |
| | (ii) all movable property including money to which the Airports Authority is entitled to, or which is in its possession and control on the day immediately preceding the appointed date shall be transferred to, and vest in, the Agent appointed under section 21A of the Air Navigation Act; | | |
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| (b)
| | (i) all rights, privileges and immunities arising from contracts and other obligations of the Airports Authority subsisting on the day immediately preceding the appointed date shall be deemed to be the rights, privileges and immunities of the Agent appointed under section 21A of the Air Navigation Act ; | | |
| | (ii) all debts, obligations and liabilities incurred, and all contracts, deeds, agreements and other instruments executed or entered into, and all matters and things engaged to be done, by or with, the Airports Authority prior to the appointed date and subsisting on the day immediately preceding the appointed date shall be deemed to have been incurred, executed, entered into or engaged to be done, as the case may be, by or with the Agent appointed under section 21A of the Air Navigation Act;". | | |
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Sri Lanka Consolidated Acts