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Compensation payable in respect of land of another local authority in pursuance of a compulsory purchase under—
section 17 (provision of housing),
section 192 (house subject to repair notice found to be beyond repair),
section 290 (acquisition of land for clearance), or
section 300 (purchase of condemned house for temporary housing use)
which would otherwise be paid into court in accordance with Schedule 1 to the [1965 c. 56.] Compulsory Purchase Act 1965 (purchase from persons not having power to dispose) may, if the Secretary of State consents, instead be paid and applied as he may determine.
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