Part IV Miscellaneous and General
71 Power of development corporations to dispose of housing land.
After section 18 of the M1New Towns (Scotland) Act 1968 there shall be inserted the following section—
18AA Power of development corporation to dispose of housing land.
1
Notwithstanding the provisions of sections 3 and 18 of this Act, a development corporation may sell their whole interest in any land (within or outside the area of the new town) held for housing purposes.
2
A development corporation shall not sell their interest in any land under this section without the consent of the Secretary of State, which may be given—
a
subject to conditions;
b
either generally to all development corporations or to a particular development corporation;
c
in relation either to particular land or to land of a particular description.
3
A development corporation shall not, except with the consent of the Secretary of State, sell their interest in any land under this section otherwise than on the best terms that can be reasonably obtained.