(1)Section 192(1) of the 1971 Act (scope of provisions about blight) and section 181(1) of the 1972 Act (which makes similar provisions for Scotland) shall have effect as if the land specified in them included land which—
(a)is land within an area intended to be designated as an urban development area by an order which has been made under section 134 above but which has not come into effect; or
(b)is land within an area which has been so designated by an order under that section which has come into effect.
(2)No blight notice shall be served by virtue of subsection (1)(a) above at any time after the order has come into effect.
(3)Until such time as an urban development corporation is established for the urban development area, sections 192 to 207 of the 1971 Act and sections 181 to 196 of the 1972 Act shall have effect in relation to land within subsection (1) above as if " the appropriate authority " and " the appropriate enactment" were the Secretary of State and subsection (4) below respectively.
(4)Until such time as aforesaid the Secretary of State shall have power to acquire compulsorily any interest in land in pursuance of a blight notice served by virtue of subsection (1) above; and where he acquires an interest as aforesaid, then—
(a)if the land is or becomes land within subsection (1)(b) above, the interest shall be transferred by him to the urban development corporation established for the urban development area; and
(b)in any other case, the interest may be disposed of by him in such manner as he thinks fit.
(5)The [1961 c. 33.] Land Compensation Act 1961 and, in relation to Scotland, the [1963 c. 51.] Land Compensation (Scotland) Act 1963 shall have effect in relation to the compensation payable in respect of the acquisition of an interest by the Secretary of State under subsection (4) above as if the acquisition were by an urban development corporation under this Part of this Act and as if, in the case of land within subsection (1)(a) above, the land formed part of the area designated as an urban development area by an order under section 134 above which has come into effect.