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Repayment by essential undertakers of State grants in respect of acquisition of land.
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47.—(1) Where any land or other right which has been acquired by an essential undertaker for the purposes of this Part of this Act ceases in the opinion of the Minister to be required for such purposes, such essential undertaker shall on demand pay to the Minister such sum (not exceeding the amount of the grant made by the Minister under the immediately preceding section in respect of such acquisition) as the Minister, after consultation with the Minister for Industry and Commerce, thinks fit.
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