(1)This section applies to any building comprised in a clearance area under Part III of the [1957 c. 56.] Housing Act 1957 which—
(a)at any time before the date on which this section comes into operation, has been purchased by agreement by the local authority in whose area the clearance area falls, or
(b)is subject to a compulsory purchase order—
(i)made at any time before that date under the said Part III, and
(ii)which, at any time before the expiry of the period of three months beginning with that date, has been confirmed in accordance with Schedule 3 to the Act of 1957.
(2)Where any building to which this section applies—
(a)was included in the clearance area solely by reason of its being unfit for human habitation, and
(b)in the opinion of the authority concerned is capable of being, and ought to be, improved to the full standard,
the authority may, subject to the provisions of this section and of Schedule 10 to this Act, make and submit to the Secretary of State an order under this section (a " rehabilitation order ") in relation to that building.
(3)In subsection (2) above " full standard " in England and Wales means the standard attained by a dwelling in respect of which the conditions mentioned in section 66(2) of this Act are fulfilled and in Scotland means the standard specified by virtue of section 16(3) of the [1974 c. 45.] Housing (Scotland) Act 1974; and in the application to Scotland of subsection (2)(a) above the words from " solely " to " habitation " shall be omitted.
(4)Schedule 10 to this Act shall have effect for the purpose of supplementing the provisions of this section.