20.
| (1) Subject to the provisions of sub-section (2), the Board and any local authority who is a licensee within the meaning of the Electricity Act may, of their own motion, jointly prepare a transfer scheme, hereinafter in this Act referred to as a '' voluntary transfer scheme ", for the transfer to the Board of the electrical undertakings carried on by such authority in its capacity as such licensee. |
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| (2) The Board shall refer to arbitration through the Minister, as hereinafter provided, any dispute between the Board and the local authority upon any matter or question in connection with the preparation of a voluntary transfer scheme. In such preparation the Board and the local authority shall have regard to and be bound by the decision given upon any dispute so referred to arbitration. |
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Sri Lanka Consolidated Acts