15. for the purpose of carrying out the objects of the Authority, the Board may exercise, perform and discharge all or any of the following powers, duties and functions : -
| (a) identify and approve development projects for
implementation within any designated area ;
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| (b) secure and obtain technical and financial assistance
from local and foreign sources in carrying out the
objects of the Authority ;
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| (c) obtain local and foreign assistance in carrying out
studies aimed at implementing development
projects within any designated area ;
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| (d) require any Ministry, government department or
other agency responsible for the implementation of
the projects being carried on in any designated area,
to co-operate in the planning and implementation
of such projects ;
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| (e) request any Ministry, government department or other agency to take over, maintain and operate any development project of the Authority ;
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| (f) establish its own divisions or agencies as are necessary for the discharge of its functions within any designated area ;
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| (g) carry out research relating to the economic, social, cultural and environmental development of the designated areas ;
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| (h) prepare an environmental impact assessment report in respect of any development project to be implemented within any designated area ;
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| (i) award in accordance with the tender procedure laid down by the government from time to time, tenders for the procurement of goods and services necessary for the implementation of the development projects ;
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| (j) impose or levy a charge for the services rendered by the Authority within the designated area ;
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| (k) purchase, acquire, erect, maintain, reconstruct or adopt any offices, plants, machinery or other material that may become necessary for the implementation of any development project ;
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| (l) implement development projects through any public or private institution or jointly by private and public institutions ;
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| (m) to borrow or raise money or secure obligations from sources in Sri Lanka as is necessary for the implementation of any development project ;
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| (n) to acquire and hold any movable or immovable property;
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| (o) in collaboration with relevant Ministries, take such measures as may be necessary for water -shed management and control of soil erosion ;
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| (p) in collaboration with the relevant Ministries and private entrepreneurs manage farms and engage in farming, agricultural and horticultural activities ; |
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| (q) provide advisory and farmer training services to improve cultivation techniques, water management, soil management, and preservation of the physical) environment ;
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| (r) in collaboration with State and Private Banks, manage and operate schemes of supervised credit to farmers;
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| (s) provide agricultural inputs such as seed materials, fertilizers, agro-chemicals, power, agricultural machinery and equipment to farmers ;
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| (t) in collaboration with the relevant Ministries, facilitate or contract research relating to the development of agriculture and agro-based specific agricultural or related activities ;
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| (u) promote the establishment of agro-based or related industrial and commercial enterprises ;
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| (v) promote the establishment of marketing services the purchase, storage, processing and sale of fan and other produce ;
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| (w) promote manufacture and trade of any plant machinery, tools, goods or things of any description;
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| (x) import, export, buy, sell and otherwise deal in goods, produce, articles or merchandise ;
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| (y) acquire by subscription, purchase or otherwise and to accept and take, hold and sell, shares or stock in any company, society or undertaking such as may be likely to promote or advance the objects of the Authority ;
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| (z) accept any stocks or shares in or debentures or other securities of any company in payment or part payment for any sale made to, or debt owing from,
any such company ;
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| (aa) promote, invest and participate in subsidiary companies in order to achieve the objects of the Authority ; and
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| (bb) subject to the provisions of the Constitution and any other written law, do all such other acts as may be incidental or conducive to the attainment of the objects of the Authority or the exercise of its powers under this Act.
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Sri Lanka Consolidated Acts