In accordance with the rules and regulations to be promulgated pursuant to § 60111 of this Article, the Director shall, upon receipt of the property statement provided for in § 13911.1 convey to the former owner of an interest in land described in the property statement exchange land, as such is identified by § 60108 of this Chapter, equal in value to the amount of the condemnation proceeds payable to said former owner.

SOURCE: GC § 13004.1 added by P.L. 15-068:3 (Oct. 2,1979).