34 Financial consequences of commutation
Land Drainage Act 1991 (1991 c 59) | Legislation

34  Financial consequences of commutation

(1)     Where any obligation is commuted under section 33 above, any person who would, but for the commutation, be entitled to any exemption in respect of drainage rates (either absolutely as being the person subject to the obligation or conditionally on performance of the obligation) shall be entitled absolutely to a like exemption.

(2)     The sum to be paid in respect of the commutation of any obligation under section 33 above shall be such sum as the [relevant authority] in question may, in accordance with the provisions of subsection (4) below, by order determine; and the sum so determined shall—

(a)     be payable by way either of a capital sum or of a terminable annuity for a period not exceeding thirty years, at the option of the owner;

(b)     be charged on the land in respect of which the obligation existed; and

(c)

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