The Equalization of Land Rights Act Article 54

The government at various levels shall compensate with land value, according to the provisions of Article 10 of this Act, for the lands subject to zone expropriation. The compensation may be paid in kind, if so applied for by the landowner, with the construction land after zone expropriation of which the land value is equivalent to compensation in cash. In principle, the total area of lands in lieu of compensation shall be 50 per cent of total zone expropriation area, unless approved by the superior authorities due to special conditions. But it shall not be less than 40 per cent.The areas of lands in lieu of compensation, distributed back to the original owners, shall be worked out by the competent authorities in charge of zone expropriation, according to the values of their rights based on the ratio of their individual entitled compensation land values to the grand total of all compensations for the zone expropriation. Then the values of their rights shall be divided by the unit price of the lands in lieu of compensation to get the areas.In case the areas of lands distributed back to the original owners, according to the provisions of the preceding Paragraph, are less than minimum unit areas required for construction, the landowners shall apply for consolidation within the prescribed time limit. The competent authorities in charge of zone expropriation shall distribute payment in cash according to the compensation land values to the original owners if they fail to apply for consolidation within 30 days from the expiration of the prescribed time limit.
中文原文 平均地權條例第54條
各級主管機關依本條例規定施行區段徵收時,應依本條例第十條規定補償其地價;如經土地所有權人之申請,得以徵收後可供建築之土地折算抵付。
抵價地總面積,以徵收總面積百分之五十為原則;其因情形特殊,經上級主管機關核准者,不在此限。
但不得少於百分之四十。
被徵收土地所有權人,應領回抵價地之面積,由徵收機關按其應領補償地價與區段徵收補償地價總額之比例計算其應領之權利價值,並以該抵價地之單位地價折算之。
依前項規定領回面積不足最小建築單位面積者,應於規定期間內提出申請合併,未於規定期間內申請者,徵收機關應於規定期間屆滿之日起三十日內,按原徵收補償地價發給現金補償。

English translation for reference only; the Chinese text prevails. Not legal advice.