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| Urban Development Authority (Amendment) |
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AN ACT TO AMEND THE URBAN DEVELOPMENT AUTHORITY LAW, No. 41 OF 1978
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BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows :
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[24th December
, 1987 ]
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Short title.
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1. This Act may be cited as, the Urban Development Authority (Amendment) Act, No. 49 of 1987.
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Insertion of new section 8L in Law No. 4 of 1978
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2.The following new section is hereby inserted immediately after section, 8K of the Urban Development Authority Law, No.41 of 1978 (hereinafter referred to as the “principal enactment”), ‘as amended by Act No.4 of 1982, and shall have effect as section 8L of the principal enactment :
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Remission of rates.
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8L. 1
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(1) Where any building is constructed in any development area under, and in accordance with, a permit issued under section 8J, then, notwithstanding anything in the Municipal Councils Ordinance and the Urban Councils Ordinance
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(a) a remission of eighty per centum of the rates assessed on such building, under any such Ordinance shall be allowed by the Municipal Council or the Urban Council, as the case may be, for a period of five years calculated from the date of the certificate issued under section 8K in respect of such construction; and
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(b) a remission of fifty per centum of such rates shall be allowed by the Municipal Council or the Urban Council, as the case may be, for a further period of five years calculated from the expiration of the period referred to in paragraph (a).
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(2) Where any building is redeveloped in, any development area under, and in accordance with, a permit issued under section 8J, then, notwithstanding anything in the Municipal Councils Ordinance and the Urban Councils Ordinance, a remission of fifty per centum of the rates assessed on such redeveloped building under any ;such Ordinance shall be allowed by the Municipal Council or the Urban Council, as the case may be, for a period of five years calculated from the date of the certificate issued under section 8K in respect of such redevelopment. “.
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Retrospective effect of section 2.
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3. The amendment made to the principal enactment. by section 2 of this Act shall be deemed for all purposes to have come into operation on November 12, 1979.
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