Reconstruction and Development Corporation Act, 1981 (No. 5 of 1981).
The Reconstruction and Development Corporation is established as a body corporate under section 1. The Corporation shall cooperate with local authorities in development planning and in particular shall draft and keep under review plans for the whole or part of the reconstruction area, declared by the President under section 21, guide the development and use of land, grant loans for development, construct and repair public works and facilities, etc. (sect. 2). Powers of the Corporation are set out in section 3. The Governing Body of the Corporation shall be a Board (sect. 4).