Sri Lanka Consolidated Acts

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Land Acquisition (Amendment) Act (No. 23 of 1964) - Sect 10

Amendment of section 29 of the principal Act

10. Section 29 of the principal Act is hereby amended by the substitution, for all the words and figures from " consents to receive it: ", to the end of that section, of the following : - " consents to receive it: Provided however that, where,-
(a) the total amount of compensation payable to all the persons entitled to compensation in respect of such land, exceeds twenty-five thousand rupees, and
(b) such land is not situated within the administrative limits of any Municipal Council, Urban Council or Town Council, and
(c) such land does not, on the date on which the notice under section 7 is published in the Gazette, have on it any building which is used for any residential or business purpose,
then, the acquiring officer shall, except where the Minister otherwise directs in the national interest tender and make payment of compensation in the following manner ; -
(i) forthwith after the said award is made, a sum of twenty-five thousand rupees shall be divided among and paid to the persons who are entitled to compensation in respect of such land in the same proportion as that in which compensation has been apportioned among such persons in such award ; and
(ii) thereafter the balance compensation shall be divided among and paid to the said persons In the said proportion but in not more than ten equal instalments, so however that the entire balance compensation is paid before the lapse of ten years from the date of payment of the said sum of twenty-five thousand rupees :


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