Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Sri Lanka Ports Authority Act (No. 51 of 1979) - Sect 30

Transfer of certain moneys and other assets to the Ports Authority and grants by the Government to the Ports Authority

30.
(1) Notwithstanding anything to the contrary in any other written law-
(a) the balance lying to the credit of the Colombo Port Commission on the day preceding the appointed date out of the sums voted by Parliament for the expenditure of that Commission under the Appropriation Act, No. 18 of 1978;
(b) the value of all warehouses, transit sheds, oil installations, port railways, residential buildings, equipment and movable property, held by the Colombo Port Commission on the day immediately preceding the appointed date, as agreed between the Ports Authority and the Deputy Secretary to the Treasury ; and
(c) the balance outstanding out of all loans granted by the Government to the Port (Cargo) Corporation and the Port Tally and Protective Services Corporation out of voted expenditure together with the amount of interest due on the day immediately preceding the appointed date,
(2) There may be granted from time to time to the Ports Authority, by resolution of Parliament from the Consolidated Fund, such sums of money and on such terms as may be determined by the Minister in charge of the subject of Finance in consultation with the Minister.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]