2. Section 8 of the Rent Act, No. 7 of 1972, is hereby amended as follows: -
| (a) by the repeal of subsection (1) of that section, and the substitution therefor of the following new subsection: -
| | " (1) There shall be established a fund to be known as the Repairs Fund which shall be administered by the Commissioner for National Housing for inter alia the purpose of-
| | | (i) 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 repair; |
| (ii) granting, in accordance with such directions, as may be issued by the Minister, loans to any person -
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| (iii) making, with the approval of the Minister, grants to the Common Amenities Board to be used by such Board for the purpose of repairing or maintaining the common amenities of any tenement, not less than seventy-five per centum of the dwelling houses comprised in which are either vested in the Commissioner for National Housing under the Ceiling on Housing Property Law, No. 1 of 1973, or have been, or are to be, transferred to the tenants thereof under section 17 of that Law; and |
| (iv) making, with the approval of the Minister, payments to the Common Amenities Board for expenses incurred by the Board at the instance of the Commissioner for National Housing in the repair or maintenance of such common amenities as are referred to in paragraph (iii)."; and |
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| (b) by the insertion, immediately after subsection (3) of that section, of the following new subsection: -
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Sri Lanka Consolidated Acts