354Power of the Welsh Ministers to acquire land affected by order relating to urban development area(1)

Where a blight notice has been served in respect of land falling within paragraph 7 of Schedule 19, the Welsh Ministers have power to acquire compulsorily any interest in the land in pursuance of the blight notice until an urban development corporation is established for the urban development area.

(2)

Where the Welsh Ministers acquire an interest under subsection (1)—

(a)

if the order designating the land as an urban development area has come into effect or comes into effect, they must, when the urban development corporation is established for the urban development area, transfer the interest to it;

(b)

in any other case, they may dispose of the interest as they think fit.

(3)

If the order designating the land as an urban development area has not come into effect, the Land Compensation Act 1961 (c. 33) has effect in relation to the compensation payable in respect of the acquisition of an interest by the Welsh Ministers under subsection (1) as if the order had come into effect.