2.
| (1) Section 7 of the National Housing Act, hereinafter referred to as the " principal Act", is hereby amended in subsection (1) of that section as follows ;-
| | (a) in paragraph (b) of that subsection, by the substitution, for the words " of the fund; and ", of the words " of the fund ; ", and | | |
| | (b) by the insertion, immediately after paragraph (b) of that subsection, of the following new paragraphs :- "
| | | (ba) all sums either derived from sales, leases or other transactions effected by the Commissioner, or paid as deposits or damages to (the Commissioner, in the exercise, discharge or performance of the powers, functions or duties assigned to or imposed on him by or under this Act; |
| (bb) all income derived by the Commissioner from any property made available to him under, or for the purposes of, this Act, or from any property let by him on rent or on such terms as will enable the tenant to become the owner of such property after making a certain number of monthly payments as rent; |
| (bc) all income derived by the Commissioner from the operation of any utility service including the supply of electrical energy; |
| (bd) all sums otherwise accruing to the Commissioner in the exercise, discharge or performance of the powers, functions or duties assigned to or imposed on him by or under this Act; and ". |
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| (2) The amendment made in section 7 of the principal Act by subsection (1) of this section shall be deemed to have come into force on the date on which that Act came into operation. |
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Sri Lanka Consolidated Acts