Section 146 Disposal by corporation.

Subject to this section and to any directions given by the Secretary of State under this Act, an urban development corporation may dispose of any land vested in or acquired by it to such persons, in such manner, and subject to such covenants or conditions, as it considers expedient for securing the regeneration of the corporation’s area or for purposes connected with the regeneration of the area.

The powers of an urban development corporation with respect to the disposal of land vested in or acquired by it under this Act shall be so exercised as to secure (so far as practicable) that persons who were living or carrying on business or other activities on land so acquired shall, if they desire to obtain accommodation on land belonging to the corporation and are willing to comply with any requirements of the corporation as to its development and use, have (subject to subsection (3) below) an opportunity to obtain on it accommodation suitable to their reasonable requirements on terms settled with due regard to the price at which any such land has been acquired from them.

An urban development corporation shall not have any duty to afford to a person who was carrying on a business of selling F1alcohol F2... by retail on land acquired by the corporation an opportunity of obtaining alternative accommodation for such a business.

Nothing in this Act enables an urban development corporation to dispose of land by way of gift, mortgage or charge or (in Scotland) by way of gift or in security.

References in this section to disposing of land include references to granting an interest in or right over land.

F3In this section F4“alcohol” has the meaning given by section 191 of the Licensing Act 2003 and “alcoholic liquor" has the meaning assigned by section 139 of the M1Licensing (Scotland) Act 1976.

In this section, “alcohol” has the meaning given by section 2 of the Licensing (Scotland) Act 2005 (asp 16).