Amendment status not verified — confirm the current text below against the official source.
(1) The Board may rctain, ormay let on hirc, Icase, sell, exchangc or orhcrwise dispose of, any land vested in or acquired by lhcm undcr this ACI. (2) Whenever the Board decide lo lease or sell any land acquired by them under Ihis Act from any person. ~ h c y shall give noticc by advertisement in local newspapers. . l(3) No~\vilhslanding mything con~aincd in sub-seelion (2) or in any othcr provision O F this Acl whcn =[the Sutc Governn~ent or n Govcrnmenl undertaking or] the Calcultn Metropolitan Developmenl Aulhority cons~ituted undcr the Calcutta Mctropoliran Dcvelopmenl Aurhorily Ac!, 1972 (hcrcinaher referrcd to as the Au~hority) or the Wcs~ Bengal Housing Board constiluted undcr the West Bcngal Housing Board Act, 1972 (hereinafter referred ro as h c Housing Board), requires any land vcstcd in or acquired by the Board under this ACI, for cmying out any of thc purpobes of h e ACI undcr which thc Authori~y or the Housing Board, as [he casc may be, was constilured, the Auihority or the Housing Board, as Ihc case may bc, may ask [he Board to-let on hirc, lease, sell, cxcllange or otherwise disposc of such land to itself and ~ h c Board shall comply with such demand and h h w i t h rransfcr possession of such land in favour of rhc Authorily or 1hc Housing Board, as the case m a y be. '(4) The amounL of consideraLion at which any land shall be Ict on hire, Icascd, sold, exchanged or orhcnviw disposed of under sub-scclion (3) shall be such as may be agrccd berween the Authority or the Housing Board, as rhe case may be, and the Board, and if thcy fail lo reach an agreemcnr, the parijes or any of hem shaIl refer the matter to the Srate Government and thc dccision of thc State Governmcnt hereon shall be final. Wcst Bcn. ACI XI or