14Disposal of land purchased for new industries

14 Disposal of land purchased for new industries

(1)  *[Section 14 Subsection (1) amended by No. 76 of 1995, s. 28 and Sched. 1 ]*TDR may, with the approval of the Minister, dispose of any land acquired under section 12 to a person who has an interest in a business undertaking –

(a) by granting a lease of the land for such term as TDR thinks fit, and containing such terms and conditions as it thinks fit; or

(b) by selling the land on such terms and conditions as it thinks fit.

(2)  Any land that is leased to a person in accordance with subsection (1) (a) may be sold subsequently to that person or his assigns in accordance with subsection (1) (b) .