Amendment status not verified — confirm the current text below against the official source.
1 ran.Ffrl (a Board Jar Purposrs of iinrovcnteni scheme of J-'uildi,tzg or Ian'! vested iii focal (wiIlorsly.'----( I ) 'Whenever any building or land or any sti cci or any part tltcr'eof Well is situated ithi the jutisdictioi1 of a local aittlionly and is vested in such local authority, is within ('he any liousnig or iluproveincut scheme, the Board häl1 give notice accoiftingly to that local alit fiority and such building, lahd or street or any Pait ' thereof shall thereupon vcst in the Board. (2) Wli crc coy land situated wit un the juisdiction of a IocuJ 'authto- Fit)' vests in i lit: Poarcl unrici' the prosrisi on as of ub-scction (1) "ahdt1'tc Board makes it cleclai-atioii that such hand wihl'be retained 'by, the 'Board :. only until it re','csts in the local authorit y as part of it strcct 0s'aii Of)ti space tinder section 62, no compensation shall bc i5ayablc by thc Board tO - c' the local nut liority in respect f that land. ('t) Wlici , iiny b u ildi ng, or I-sort vests in the Botrd undei the provisions of sub s tlon (I) iiirl iso drclai i.tion is rn -ide uiidei Sill) section (2) in rrspvct of the I -intl the ho-nd shall pay to the Joe-ti authni ity is cmtcn s-'uion -i sum equal to t lie mit kct ViJUC of sudi building 'br land a' oil the ci tic oii st iii Is tlt' schciin comes into fos cc Undel section 55 -ijid wiucte tny OlWhtg sit ii 'lcd on Be And in repcct of witich a decl-u ittOu h-is been irv'd by the Brruid isiith't sub ,cction (2) us ve0ed in, the Boatc imcti sub s' cliomi (I), liki cOnipeus-itmon shalt be payablq tiji x cspc-ct. of such building ly the Boaid. ' ' I, 3741580/2019/OS-HOUSING 178 25 II, in any case, where at the l3o'cl has made a d r ccla,ttion in respect of any land unclr sub-section (2), the Boa'.d detains Or di nses 01 the lan(I contrary to the tor?ns of the declaration, so that the laud don not rovest in the local autliorit y, the Board shall pay, to I. he local nuthor t v, C•)mpeli- sation in rcspcc( of such land in accordance with the provisions of sub- section (3). If any question or dispute arises as to whet her compensation is • payable under sub-section (3) or sub-cntion (4), or, as to the ;tmouiit of such compensation or as to whcthct any building, land or street, or any part thereof, is rcqui ed 12r the i'•poses ol lie sclicnic, the niatter shall be 'ef'errcd to the Government whOse ddcision shall be final.