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Neighbourhood Planning Act 2017

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Changes over time for: Section 40

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This version of this provision is prospective. Help about Status

Changes to legislation:

Neighbourhood Planning Act 2017, Section 40 is up to date with all changes known to be in force on or before 09 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Prospective

40Interest on payments to mortgagee paid lateE+W

This section has no associated Explanatory Notes

(1)Section 52B of the Land Compensation Act 1973 (interest on advance payments of compensation paid late) is amended as follows.

(2)In the heading, after “compensation” insert “etc.

(3)In subsection (1)—

(a)after “(1B)” insert “ , 52ZA(3) or 52ZB(3) ”,

(b)after “compensation” insert “ or (as the case may be) a payment to a mortgagee ”, and

(c)after “interest” insert “ to the claimant ”.

(4)In subsection (2), after “(4ZA)” insert “ or (as the case may be) section 52ZC(3A) or (3B) ”.

(5)In subsection (3)—

(a)for “the amount of the advance payment” substitute “ the total amount which the acquiring authority pays under section 52, 52ZA or 52ZB in respect of the claimant (the “paid amount”) ”, and

(b)for “by which the advance payment” substitute “ by which the paid amount ”.

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