Section 28B: Incentives for Smart Cities
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
28B. Incentives for Smart Cities
(1) Subject to section 28A, a person transferring land to a Smart City
Company may, in addition—
(a) transfer part or the totality of his LCR; or
(b) transfer any LCR arising from an application made by the person
under section 28 (4F) in respect of a change of site or purpose
accompanied by a written approval for land conversion.
(2) Subject to section 28A, where a company implements a Smart City
Scheme, it may use any LCR entitlement transferred to it and acquire LCR
from a person holding such an entitlement.
[S. 28B inserted by s. 15 of Act 34 of 2016 w.e.f. 1 January 2017.]