National Housing (Amendment) Act (No. 36 of 1966)

Sri Lanka Consolidated Acts

Amendment of section 83 of the principal Act. [ 15, 36 of 1966.]

19. Section 83 of the principal Act is hereby amended as follows :-

(1) by the renumbering of that section as subsection (1) of section 83 ; and

(2) by the insertion, immediately after the renumbered subsection (1), of the following new subsection :-

	" (2) Where the Commissioner as the appropriate authority purchases the mortgaged land, he shall pay out of the National Housing Fund the moneys and costs referred to in paragraphs (a) and (b) of subsection (1) and he shall, after such moneys and costs are recovered from the borrower under that subsection, credit to that Fund the amount so recovered.".