(1) After the commencement of this Act, projects operated by Government of Nepal or by Development Boards formed under the Development Boards Act,2013 (1956) shall be handed over to the Authority after an evolution of the assets of such projects.
Provided that, in case such projects are required to be handed over before they are completed, evaluation of their assets shall be done only after
their completion.
(2) In case any project operated with a loan provided by a foreign government, or a foreign agency, or an international agency, has to be handed
over to the Authority under Sub-Section (1), this shall be done on the condition that the Authority pays necessary funds to Government of Nepal on terms
prescribed by Government of Nepal in consideration of the principal and interest to be paid by Government of Nepal in respect to such loan.
Provided that, the Authority has to make available the shares to Government of Nepal in consideration of the principal and interest paid and
expenses incurred by the Government of Nepal.
(3) In case, projects operated with aid or grants obtained from a foreign government or a foreign agency, or an international agency have to be handed
over to the Authority under Sub-Section (1), this shall be done on the condition that the Authority makes shares available to Government of Nepal in
consideration of the assets of such projects.
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Amended by First Amendment.