InterestN.I.
101.—(1) Where—
(a)a house is acquired in pursuance of a vesting order or is vacated in pursuance of a clearance order, demolition order or closing order; and
(b)any person is, in respect of an estate in that house, entitled to a payment under this Chapter;
the Executive shall pay interest at the prescribed rate to that person in accordance with paragraph (2).
(2) Interest under paragraph (1) shall be paid—
(a)where the house is acquired in pursuance of a vesting order, from the date on which the order comes into operation;
(b)where the house is vacated in pursuance of any other order, from the later of the following dates—
(i)the date on which the order comes into operation;
(ii)the date on which the house is vacated.