15.
| (1) Where any land or any interest in any land in the Area of Authority is required by the Board for any of its purposes, that land or interest may be acquired under the Land Acquisition Act by the Government for the Board, and the provisions of that Act shall, save as otherwise provided in subsection (2), apply for the purpose of the acquisition of that land or interest. |
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| (2) In any case where any land or any interest in any land is to be acquired under the Land Acquisition Act for any purpose of the Board and public notice of the intention to acquire that land or interest is published as required by that Act at any time within the period of five years commencing from the appointed date, the following provisions shall apply for the purpose of determining the amount of compensation to be paid in respect of that land or interest, notwithstanding anything to the contrary in that Act: -
| | (a) the market value of the land shall be deemed to be the market value which the land would have had at the appointed date if it then was in the same condition as it is at the time of acquisition, and | | |
| | (b) in ascertaining the market value of the land at the appointed date no account shall be taken of any benefit or increase in value which may have accrued or of any expectation of benefit or increase in value likely to accrue, directly or indirectly, from any work of development or other operation of the Government after September 25, 1942, or from any work of development or other operation of the Board in pursuance of this Act. | | |
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Sri Lanka Consolidated Acts