Sri Lanka Consolidated Acts

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Rent Act (No. 7 of 1972) - Sect 8

Repairs Fund

8.
(1) There shall be established a fund to be known as the Repairs Fund which shall be administered by the Commissioner of National Housing for inter alia the purpose of granting loans to landlords who, and local authorities which, are in need of funds to carry out repairs to their premises and to maintain the premises in proper condition.
(2) All amounts received by the Commissioner of National Housing from local authorities under subsection (3) of section 7 shall be credited to the Repairs Fund.
(3) Regulations may be made under section 43 by the Minister with the concurrence of the Minister in charge of the subject of Local Government in respect of the purposes for which and the manner in which the moneys of the Repairs Fund may be used, and in respect of other matters incidental to or connected with the administration of the Repairs Fund.


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