23. (1) Any money received by a planning authority pursuant to section 15 shall be spent by it—

(a) where the vacant site comprises residential land, on the provision of housing on residential land in the vicinity of the site, and

(b) where the vacant site comprises regeneration land, on the development and renewal of regeneration land in the vicinity of the site.

(2) Money referred to in subsection (1) may, in particular, be used—

(a) for the payment of any costs, up to a total of 10 per cent of the total money received by the authority pursuant to section 15, incurred by the planning authority in giving effect to this Part, and

(b) where the vacant site comprises regeneration land, for—

(i) the preservation and protection of structures, or parts of structures, which are of special architectural, historical, archaeological, artistic, cultural, scientific, social or technical interest,

(ii) the provision, or facilitation of the provision, of services and facilities for the local community, including education, training, childcare, recreational, leisure, artistic and cultural facilities and the renovation and extension of existing services and facilities,

(iii) the preservation, improvement and extension of amenities and recreational amenities in or on the land,

(iv) civic improvements, and

(v) projects, services and works for the benefit of streets in urban areas, including the improvement of streets or footpaths in local shopping streets and business areas and the removal of graffiti.