Amendment status not verified — confirm the current text below against the official source.
Transfer of Stat e Government la d t th . G 1 n s o e Authority-(1) The State overnmen may, by notification and upon such terms and conditions as m?Y be agreed upon b~tween that Government and the Authority, place at the disposal of the Authority any developed or undeveloped State G 1 d ·1 ated within th · · d' 1· overnmen Ian s1 u . e iuns ic ion of the Authority for the purpose of development in accordance·w1th the provisions of this Act. (2) No development of State Government land shall be undertaken or carried out except by or under the control and supervision of the Authority after such land has been placed al the disposal of the Authority under Sub- section ( 1). (3) If a~y Stat: Gove~nment land placed at the disposal of the Authority under Sub-section (1 ) is required at any time thereafter by the State Government the Authority shall, by notification replace it at the disposal of that Government upon such terms and conditions as may be agreed upon between that Government and the Authority. 1[ 75A. Creatfon and Management of land bank : (1) Every Authority shall create and maintain a Land Bank in which land acquired under section 72 to section 75, shall be kept recorded for furtherance of the objects of the Act. (2) The Land Bank shall be managed by the Authority in such manner as may be pr_escribed in the regulations .)