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As enacted
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Part II · Utilising Agricultural Lands in Accordance with Agricultural Policies

37. Establishment of the Land Bank

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

There shall be established a Land Bank entrusted with the possession of certain agricultural lands, under this

Act for all or any of the following purposes :—

(a)

granting of such agricultural lands to cultivators who can improve agricultural productivity of such lands ;

(b)

enabling agricultural lands which are not satisfactorily cultivated to be cultivated according to the provisions of this Act ;

(c)

the provision of financial assistance to tenant cultivators to purchase the ownership of the paddy land in respect of which they are the tenant cultivators ; and

(d)

enabling owners of paddy lands to purchase the right of cultivation of such paddy lands, by the granting of monetary assistance.

(2)

Until a Land Bank is constituted under the provisions of subsection (1) each Agrarian Development Council shall discharge the functions of the Land Bank :

Provided that when an Agrarian Development Council is discharging the functions of the Land Bank it shall act in accordance with the directions of the Commissioner-General.

(3)

Regulations may be made in respect of the powers and activities, of the Land Bank.

Part III

Read on from Part III

Part IV

Establishment of Agrarian Tribunals

Read on from Part IV

Part V

Institutional Structure of Farmers’ Organisations

Read on from Part V

Part VI

Agrarian Development Councils

Read on from Part VI

Part VII

Irrigation Work and the Management of Irrigation Water

Read on from Part VII

Part VIII

General Provisions

Read on from Part VIII

Schedules