75.—(1) This section applies to a house which was erected by a public utility society within the meaning of section 2 (1) of the Housing Act, 1966, and in relation to which erection a grant was made under the Housing (Financial and Miscellaneous Provisions) Acts, 1932 to 1962, and there is a subsisting undertaking, given by the public utility society in consideration of the grant, that the house would not be sold.

(2) The Minister for the Environment (in this section referred to as the Minister) may grant his consent to the sale of a house to which this section applies.

(3) Where the Minister grants his consent to the sale of a house to which this section applies, then, notwithstanding any undertaking of the kind described in subsection (1) or any limitation which may apply by virtue of section 121 of the Housing Act, 1966, the house may be sold and the sale shall operate to vest the premises in the purchaser freed and discharged from any such undertaking.

(4) The Minister may, in relation to the sale of a house to which this section applies which was effected prior to the commencement of this section, grant his consent to such sale and where the Minister so grants his consent the fact that the sale was effected prior to the commencement of this section shall not affect and shall be deemed never to have affected the validity of the sale and such sale shall be deemed for all purposes to have been effected in accordance with subsection (3).

(5) In this section, “grant”, in relation to a house, means a grant of land as a site for such house or a grant of money in respect of such house or a grant made partly in one such way and partly in the other such way.