Cabinet Approves Redrafting of State Assets Management Bill

The Sri Lankan Cabinet of Ministers has approved a proposal to suspend further action on the previously published State Assets Management Bill. This decision was made at a Cabinet meeting held on July 22, 2024.

Instead of proceeding with the earlier draft, the Cabinet has instructed the Legal Draftsman to prepare a revised State Assets Management Bill. This new draft will incorporate recommendations from a technical expert committee.

The initial bill had received Cabinet approval on July 22, 2024, for publication in the government gazette. However, it could not be passed in Parliament due to the dissolution of Parliament.

This move signifies a shift from the previously intended legislation to a new, revised version of the State Assets Management Bill.