Sri Lanka Consolidated Acts

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Udarata Development Authority Of Sri Lanka Act (No. 26 of 2005)


           Long Title

   1.	   Short title and date of operation  
   2.	   Establishment of the Udarata Development Authority of Sri Lanka  
   3.	   Area of Authority  
   4.	   Constitution of the Board of Management of the Authority  
   5.	   Chairman of the Authority  
   6.	   Disqualification from being a member of the Board  
   7.	   Removal and resignation of appointed members  
   8.	   Term of office of members  
   9.	   Meetings of the Board  
   10.	   Remuneration of members  
   11.	   Acts not invalidated by reason of a vacancy  
   12.	   Authority to comply with the general policy the Government  
   13.	   Seal of the Authority  
   14.	   Objects of the Authority  
   15.	   Powers, duties and functions of the Board  
   16.	   Powers of the Board to enter into any agreement  
   17.	   Empowering of persons to act for Authority outside Sri Lanka  
   18.	   Power of Board to issue
directions to any government department or corporation  
   19.	   Compulsory acquisition of land  
   20.	   State property both movable and immovable to be made available to the Authority  
   21.	   Fund of the Authority  
   22.	   Power of the Authority to call upon any public corporation or government department to assist in the discharge of duties carry out certain functions  
   23.	   Authority to
   24.	   Exemption of Authority from payment of duties &  c  
   25.	   Financial year and audit of accounts  
   26.	   Borrowing powers of the Board and Government Guarantees  
   27.	   Director General  
   28.	   Staff of the Authority  
   29.	   Appointment of
officers and servants of public
Corporations to the staff of the Authority  
   30.	   Delegation of powers of the Board  
   31.	   Authority to ensure that financial assistance given for carrying out development projects is utilized for the same  
   32.	   Authority not to transact business with enterprises in which a member has interest, unless approved by the Minister  
   33.	   Powers of Minister to order investigations upon activities  
   34.	   Directions of the Minister  
   35.	   Authority deemed to be scheduled institution within the meaning of the Bribery Act  
   36.	   Members, officers and servants of the Authority deemed to be public servants  
   37.	   Protection for action taken under this Act or on the direction of the Authority  
   38.	   Regulations  
   39.	   Rules  
   40.	   Sinhala text to prevail in case of inconsistency  
   41.	   Interpretation  

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