16 Interest on compensation. S
Compensation under this Part of this Act shall carry interest, at the rate for the time being prescribed under section 40 of the M1Land Compensation (Scotland) Act 1963, from—
(a)the date of service of the notice of claim; or
(b)if that date is before [F1the first claim day], from [F2the first claim day]
until payment.
Textual Amendments
F1Words substituted by Local Government, Planning and Land Act 1980 (c. 65), s. 112(4)(9) except in cases where the relevant date was more than 3 years before 13.11.1980
F2Words substituted by Local Government, Planning and Land Act 1980 (c. 65), s. 112(3)(9) except in cases where the relevant date was more than 3 years before 13.11.1980
Modifications etc. (not altering text)
C1S. 16 modified by Local Government, Planning and Land Act 1980 (c. 65), s. 113(9)
Marginal Citations