155. The Government, Hydro-Québec, as well as their nominees and any other persons duly authorized have the right, subject to all applicable laws and regulations to develop Category II lands. Category II lands appropriated for development purposes are classified as Category III lands.
The interested Inuit landholding corporation then has the right to a replacement of the said lands with an equal area of Category II lands in accordance with the procedure provided for in section 159 or, to monetary compensation agreed upon between the corporation and the Government, or to compensation partly in one and partly in the other of these forms if the parties agree.