4.
| (1) Where any Reclamation and Development Area declared by an Order under section 2 comprises any land which is not vested in a local authority within the jurisdiction of which such land is situated, such land 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 sub-section (2), apply for the purpose of the acquisition of that land. |
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| (2) In any case where any land referred to in sub-section (1) is to be acquired under the Land Acquisition Act and public notice of the intention to acquire that land is published as required by that Act at any time within the period of five years reckoned from the date of commencement of this Act, the market value of that land for the purposes of determining the amount of compensation to be paid in respect of that land shall, notwithstanding anything to the contrary in that Act, be deemed to be the market value which that land would have had at the date of commencement of this Act if it then was in the same condition as it is at the time of acquisition. |
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Sri Lanka Consolidated Acts