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← New Towns Act 1981

New Towns Act 1981 s 63

New Towns Act 1981 s 63

s 63 Secretary of State’s general power.

(1) The Secretary of State may direct a development corporation ... to pay to him, on the date specified in the direction, such sum as is so specified, and any sum so received by him shall, subject to section 66(2) below, be paid into the Consolidated Fund. (2) Before giving a direction under this section the Secretary of State shall consult the corporation .... (3) The debt shall carry interest at the rate for the time being in force under section 32 of the Land Compensation Act 1961 ... from the date specified in the direction until payment. (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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