Sri Lanka Consolidated Acts

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Colombo District (Low-lying Areas) Reclamation And Development Board (Amendment) Law (No. 27 of 1976) - Sect 4

Insertion of new Part 1A in the principal enactment

4 .The following new part is hereby inserted immediately after Part I and shall effect as Part IA of the principal enactment: -
3A. Notwithstanding anything in the Crown Lands Ordinance or in any other written law, the Board may, with the approval of the Minister given after consultation with the Minister in charge of the subject of Housing, the Minister in charge of the subject of Industries and the Minister in charge of the subject of Local Government, sell for any housing, commercial , industrial or agricultural purpose, any land vested in or acquired by the Board, under section 3 or section 3A or section 4.
4B. Where any land vested in the Board under section 3 or section 3A, is sold, the Board shall pay to the local authority or the Land Commissioner, as '.he- case may be, the unreclaimed value of such land as determined by the Minister in consulation with the Minister charge of the subject of Finance.".

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