In this Part of this Act, unless the context otherwise requires,—

Where in the opinion of any local authority it is desirable that any area in the district of the local authority which is included in an operative district scheme under the Town and Country Planning Act 1953 be dealt with under this Part of this Act, the local authority may notify in writing the Commissioner of Works of its proposals for the preparation of a plan of the area showing the parts of that area proposed for rehabilitation, conservation of buildings, urban reclamation, and coordinated redevelopment within the ensuing period of 20 years, and indicating in 5-yearly intervals the proposed physical and financial programme for each part of the area.

After the expiration of a period of 49 days following the notification of its proposals to the Commissioner of Works, the local authority may cause to be prepared a plan of the area showing the matters referred to in section 24b of this Act, an explanatory report of the proposals, and a code of ordinances for the administration, control, and implementation of urban renewal in the area, and may submit that plan, explanatory report, and code of ordinances to the Minister for his approval.

After the Minister has approved the plan, explanatory report, and code of ordinances, the local authority shall, if it proposes to proceed with the programme for urban renewal, take all necessary steps to have the plan, explanatory report, and code of ordinances as approved by the Minister incorporated in its operative district scheme by changing or carrying out a review of its district scheme under the Town and Country Planning Act 1953 in order to have the area shown in the plan specified in the operative district scheme as a renewal area:

The provisions of subsection (2) of section 30 of the Town and Country Planning Act 1953 requiring 5-yearly reviews of district schemes shall, in their application to any renewal area and to the code of ordinances referred to in section 24d of this Act, be read as if the reference in that subsection to 5 years were a reference to 20 years:

Unless and to the extent that it is otherwise provided in the code of ordinances referred to in section 24d of this Act, any urban renewal in a renewal area shall be deemed to be a conditional use within the meaning of that expression as defined in the Town and Country Planning Act 1953, and the provisions of that Act and of the regulations made thereunder relating to conditional uses shall apply thereto.

Payments may from time to time be made to any local authority from the Consolidated Revenue Account, out of money appropriated by Parliament for the purpose, as a contribution towards the cost of investigating and planning any renewal area, at such rate or of such amount as may from time to time be approved by the Minister of Housing with the concurrence of the Minister of Finance.

The provisions of sections 20 to 24 of this Act and of section 25 of this Act, as far as they are applicable and with the necessary modifications, shall apply to a renewal area as if every reference in those sections to a reclamation area were a reference to a renewal area.”