Part 5: Community Land Auction Pilots Community land auction arrangements Section 141: Community land auction arrangements and their purpose Effect
Subsection (1) sets out the overall purpose of CLA arrangements.
	Subsection (2) sets out the meaning of "CLA regulations".
	Subsection (3) sets out that a "community land auction arrangement" means an arrangement provided for in CLA regulations under which:
An LPA is to invite landowners in the authority’s area to offer to grant a CLA option over the land, with a view to the land being allocated for development in the next local plan for the authority’s area. This option will give the LPA the right to purchase the land at the price offered by the landowner.
Any CLA option granted under the arrangement ceases to have effect if the land subject to the option is not allocated in the local plan when it is adopted or approved, and
The LPA may either sell the option to a developer , exercise the option and sell the land, or exercise the option and develop the land themselves.
	Subsection (4) defines a "CLA option" as an option that is granted under a CLA arrangement, to acquire a freehold or leasehold interest in the land which can be exercised by the LPA in whose area the land is situated, or disposed of by the LPA on terms set by the authority. It must also meet any requirements imposed by CLA regulations.
	Subsection (5) provides examples of what CLA regulations, made under subsection (4)(c), may make provision for.