Town and Regional Planning Act, 1934

Application of moneys paid as payment for betterment.

74.—Moneys received by a responsible authority as payment for betterment shall be applied by such authority in accordance with the following provisions, that is to say:—

(a) in so far as such moneys consist of payment for betterment in respect of the execution of work by such responsible authority, such moneys shall be applied in or towards the payment of the expenses incurred by such responsible authority in the execution of such work, and the balance (if any) of such moneys remaining after discharging such expenses shall be applied towards discharging the expenses incurred by such responsible authority in the execution of the planning scheme in pursuance of which such work was so executed;

(b) in so far as such moneys consist of payment for betterment in respect of the enforcement or coming into operation of a provision contained in a planning scheme, such moneys shall be applied in or towards the payment of compensation payable by such responsible authority in respect of the enforcement or coming into operation of such provision, and the balance (if any) of such moneys remaining after the payment of such compensation shall be applied towards discharging the expenses incurred by such responsible authority in the execution of such planning scheme.