Payment etc. of amount recoverable
7(1)An amount recoverable by virtue of paragraph 6 in connection with the development of land is payable to the Welsh Ministers—
(a)as a single capital payment,
(b)as a series of instalments of capital and interest combined, or
(c)as a series of other annual or periodical payments, of the amounts, and payable at the times, that the Welsh Ministers direct.
(2)Before giving a direction under sub-paragraph (1)(c), the Welsh Ministers must take into account any representations made by the person by whom the development is to be carried out.
(3)If the amount payable under sub-paragraph (1) is not paid as a single capital payment, it must be secured by the person by whom the development is to be carried out in the way (whether by mortgage, covenant or otherwise) that the Welsh Ministers direct.
(4)If a person begins development to which paragraph 5 applies in breach of that paragraph, the Welsh Ministers may serve a notice on the person—
(a)specifying the amount they consider to be recoverable under paragraph 6 in respect of the compensation in question, and
(b)requiring the person to pay that amount to the Welsh Ministers within a period specified in the notice.
(5)The period specified in the notice must be at least 3 months beginning with the day after the day on which the notice is served.