Land Development Agency Act 2021
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Vesting of certain relevant public land in Agency | ||
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56. (1) The Minister may by order (in this Part referred to as a “vesting order”) transfer the relevant public land concerned to the Agency from— | ||
(a) where a decision under section 53 (3) relates to relevant public land owned by a local authority or a Schedule 1 public body, that local authority or Schedule 1 public body, | ||
(b) where a direction under section 54 (2) relates to land owned by a Schedule 1 public body, that Schedule 1 public body, OR | ||
(c) where the transfer relates to relevant public land specified in column (1) of Schedule 3 , the Schedule 1 public body specified in column (2) of that Schedule opposite the relevant public land so specified. | ||
(2) Before making a vesting order, the Minister shall— | ||
(a) consult with the relevant public body concerned and the Minister for Public Expenditure and Reform, and | ||
(b) be satisfied that the Agency has paid to the relevant public body concerned an amount equal to the market value of the land concerned. | ||
(3) A vesting order in relation to the relevant public land concerned shall operate to vest without any further conveyance, transfer or assignment for all the estate or interest in that relevant public land in the Agency but subject to all trusts and equities subsisting and capable of being performed affecting that land. | ||
(4) A vesting order shall be in such form as may be approved by the Minister and shall refer to a map identifying the land to which it relates. | ||
(5) A vesting order shall come into operation on such day or days as may be specified in the order and different days may be so specified in relation to different parts of the land to which the order relates. | ||
(6) The Agency shall cause a vesting order made by the Minister under this section and a map identifying the land to be lodged with the Property Registration Authority and that Authority shall cause the Agency to be registered as the owner of the land to which the order relates in accordance with the order. |