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(1) Where any land or any interest in any land within any designated area is required by the Authority for the implementation of any of the projects and the Minister by Order published in the Gazette approves of the proposed acquisition, that land or interest in any land may accordingly be acquired under the Land Acquisition Act (Chapter 460) and be transferred to the Authority, as if such land or interest in land is required for a public purpose :
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(2) In any case where any land or any interest in any land within any designated area is to be acquired under the Lane Acquisition Act for any purpose of the Authority and public notice of the intention to acquire that land or interest published as required by the aforesaid Act at any time within period of three years commencing from the date of publication of the Order under subsection (1), 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 that Act -
| | (a) the market value of the land shall be deemed to be
the market value the land would have had on the
date of publication of such Order, if it then were in
the same condition as it is in the time of acquisition,
increased by a reasonable amount on account of
bonafide improvements if any, effected to such land
after such date;
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(b) in ascertaining the market value of the land at the
date of publication of such Order, no account shall
be taken of any benefit or increase in value which
may have accrued, or any expectation of benefit or
increase in value likely to accrue directly or
indirectly, from any development work or other
operation of the Authority in pursuance of the
provisions of this Act. | | |
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| (3) Notwithstanding the provisions of subsection (2),
where any person suffers loss or damage to his permanent
residence or livelihood, due to the acquisition of any land or
any interest in any land situated within the designated area,
such person shall, in addition to the compensation paid to
such person under subsection (2) be compensated in
accordance with the National Involuntary Resettlement Policy
of the Government.
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| (4) Any sum payable as compensation for the acquisition
of any land or interest in any land under subsection (1) for
the purposes of the Authority shall be paid by the
Authority.
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Sri Lanka Consolidated Acts