Development Councils Act (No. 35 of 1980)

Sri Lanka Consolidated Acts

Immovable and movable property to be transferred to a Development Council

88.

(1) The President may, by Order published in the Gazette, vest in or transfer or dispose to a Development Council

	(a) any movable or immovable property of the State for the purposes of the annual development plan;

	(b) any contracts and liabilities connected with such purpose.

(2) Upon the publication of an Order under subsection (1) in the Gazette

	(a) the properties specified in the Order shall vest in and be the properties of the Development Council;

	(b) the contracts specified in the Order shall be deemed to be the contracts of the Council and all subsisting rights and obligations shall be deemed to be the rights and obligations of the Council; and

	(c) the liabilities specified in the Order shall be deemed to be the liabilities of the Council.