Urban Development Authority (Amendment) Act no. 49 of 1987

Urban Development Authority (Amendment) Act, No. 49 of 1987 [Certified en 24th December, 1987] L.D.-0. 6/87 AN ACT; TO AMEND THE URBAN DEVELOPMENT AUTHOltITY LAW, No. 41 OF 1978 BE it enacted by the Parliament of the Democratic Socitilist Republic of Sri Lanka as follows : 1. This Act may be cited as the Urban Development Authority (Amendment) Act, No. 49 of i987. l. The following new section is hereby inserted imme ' diately after section 8~ of the Urban Development Autho rity Law, No . . 41 of 1978 (hereinafter referred to as the 11 principal enactment ~,), as amended by Act No. 4 of 1982, and shall have effect as section 8L of the principal enactment : "Remission of rates. 8L. (1) Where any building is constructed in any development area under, and in ac cordance with, a permit issued under section 8J, then, notwithstanding anything in the Municipal Councils Ordinance and the Urban Councils Ordinance (o) 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 cal culated from the date of the certifi cate issued under section 8K in respect of such construction ; and (b) a remission of fifty per centum of such rates shall be allowed by the Muni cipal 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). ~~ 100316-6,465 (87/11) Short title. Insertion of new section 8Li."1Law No. 41 · of 1978. I , ; Retrosgect& ef!eet of section 2. 2 Urban Development Authority (Amendment) Act, No. 49 of 1987 ' (2) Where any building is redeveloped in any development area under, and in accor dance with, a permit issued under section 8J, .. , , then, notwithstanding anything in the Muni cipal Councils Ordinance and the Urban Councils Ordinance, a remission of fifty per centum of the rates assessed on such redeve loped 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. ". 3. 'Th~ amendment made to the principal enactment by section 2 of this Act shall be deemed for all purposes to }:l Jye, qome intojop,eration on November 12, 1979 . •