Section 312 Payment of purchase money or compensation by one local authority to another.

Any purchase money or compensation payable by a local authority under this Act in respect of any land, right or interest of another local authority which would but for this section be paid into a bank as provided by the Lands Clauses Acts may be otherwise paid and applied as the Secretary of State approves and determines.

A determination of the Secretary of State under this section shall be final and conclusive.