Amendment status not verified — confirm the current text below against the official source.
( 1 ) Any person liable to the payment of a beltennent fcc may, a1 his option, instead or making a payment hereof lo lhc B o d , execulc an agrecmcnt with h e Board Lo leavc the said paymcnt outstanding as a charge on his interest in hc land. subjcc t io the paymcnt in perpelu ity of interest at rhe rate of '[ten per certrrrm per anttun~], [he first annual payment of such intcrest lo be made one year from the date referrcd lo in seclion 85. (2) Every paymcnt due from any Frson in rcspect of a bzltcrrnent fee and cvery charge rclcrred to in sub-section (1) shall, notwithstanding anyrhing contained in any other enacUnCdt and nolwithstanding the existence of any morlgage or orher charge whcthcr legal or equitable, be the i-~usr charge upon h e intercsr of such person in such land. (3) The provisions of sub-sections (7), (8) and (9) of secrion 79 relating, in the case of [he paymcnts rnentioncd in that section, to the non-payment of inslalmen~s of intcrest, the paying off of h c charge with inleren and the reslricljons in respect of suits against the Board, shall apply, ~t~uratis n~ritutldis, lo [he payment of !hc money payabIc under an 'The words wihin h e hzqum bnckets wre substi~u~ed lor lhc words "six per ctnrunt per onnuni' by s. 34 of the How& Improvcmcnt (Arnendmenr) Act. I983 (West R m A r t YT IVT - F I O*?I The Ho~vrah in~provemex~r Act, 1956. XIV of 1956.1 (Cl~aprer ICI-Acquisitiotr artd Disposal oJLo11d.- Sectioris 87-89.) agrecmcnt made in pursuancc of sub-section (1) and of the interesl - payable in respcct thcrcof. Recove7 of special payxtietrts arld betrent~e~lt fees.