16.
| (1) Where any land or any interest in any land in an area of authority is required by the Board for any of its purposes, that land or interest may be acquired under the land acquisition law by the Government for the Board, and the provisions of that law shall, save as otherwise provided in subsection (2), apply for the purposes of the acquisition of that land or interest. |
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| (2) In any case where any land or any interest in any land is to be acquired under the land acquisition law for any purpose of the Board and the public notice of the intention to acquire that land or interest is published as required by that law at any time within the period of three years commencing on the appointed date, the following provisions shall apply for the purpose of determining the amount of compensation to be paid in respect of that land or interest notwithstanding anything to the contrary in the land acquisition law: -
| | (a) the market value of the land shall be deemed to be the market value which the land would have had at the appointed date if it then was in the same condition as it is at the time of acquisition ; | | |
| | (b) in ascertaining the market value of the land at the appointed date no account shall be taken of any benefit or increase in value which may have accrued, or of any expectation of benefit or increase in value likely to accrue, directly or indirectly, from any work of development or other operation of the Government alter the 1st day of October, 1948, or from any work of development or other operation of the Board in pursuance of this Act. | | |
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Sri Lanka Consolidated Acts