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(1)Section 26(1) of the [1959 c. 53.] Town and Country Planning Act 1959 (power of local and other public authorities to dispose of land without consent of a Minister) shall not apply to the exercise of a power to dispose of land conferred by any enactment if the power is exercised in respect of—
(a)housing accommodation in respect of which there has been made to a local authority (whether before or after the commencement of that Act) an Exchequer payment within the meaning of section 58(2) of the [1958 c. 42.] Housing (Financial Provisions) Act 1958 or a payment under an enactment repealed by the said Act of 1958 or any earlier Act and re-enacted (with or without modifications) by any of the provisions mentioned in the said section 58(2); or
(b)an approved dwelling within the meaning of Part I of the [1967 c. 29.] Housing Subsidies Act 1967.
(2)Section 26(5)(b) of the said Act of 1959 (which makes provision corresponding to subsection (1) above in the case of a disposal of land under section 104 of the [1957 c. 56.] Housing Act 1957) shall cease to have effect.
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