14. For the purpose of carrying out the objects of the Authority, the Board may exercise, perform and discharge all or any of the following powers, duties and functions : -
| (a) register and enter into agreements with any person, partnership or corporative society engaged in or proposing to engage in business which in the opinion of the Authority would achieve or assist in the achievement of the objects of the Authority ; |
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| (b) to identify and encourage targeted entrepreneurs who have the potential to undertake regional industrial and business activities ; |
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| (c) to acquire or lease land for industrial sites or township development for the purpose of the achievement of the objects of the Authority ; |
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| (d) to provide funds and resources for the development of the Special Economic Zones ; |
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| (e) to develop and manage sites, zones, premises, infrastructure facilities required for economic development ; |
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| (f) to establish or invest in companies to facilitate the achievements of the objects of the Authority ; |
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| (g) to declare Special Economic Zones in a manner hereinafter set out, and such Zones shall be growth centre for enterprise development ; |
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| (h) to establish for Divisional Secretary's Divisions technology development and service centers to facilitate small and medium enterprise development ; |
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| (i) to prescribe the fee and mode of application of the joint venture partners to establish companies; |
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| (j) to open and maintain an account or accounts with such bank or banks as it may think appropriate which shall be operated in accordance with the prevailing financial regulations of the Government, pertaining to financial transactions of public corporations ; |
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| (k) to co-ordinate with any Government Department, Ministry, Local Authority, Provincial Council or International Organization in order to achieve enterprise development ; |
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| (l) to carry out integrated planning and physical development within the Special Economic Zones with the concurrence of the relevant authorities ; and |
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| (m) to do all such acts or things as are incidental to or consequential upon the exercise, discharge and performance of its powers, functions and duties under this Act. |
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Sri Lanka Consolidated Acts