1964_CAPITAL_WORKS_RESERVE_FUND — Page 3

HK Historical Laws 香港歷史法例 All AI Reviewed

1985 Ed.]

Capital Works Reserve Fund

[CAP. 2

credited to the suspense account under paragraph (c)(ii) during the preceding financial year between the Government and the future Hong Kong Special Administrative Region Government---

(i) divide such moneys in the proportion according to which transfers and payments were made under paragraphs (g) and (h) respectively during that preceding financial year:

(ii) transfer the Government's share from the suspense account to the works account and pay the future Hong Kong Special Administrative Region Government's share from the suspense account to banks incorporated in Hong Kong:

(j) the Financial Secretary may expend moneys from the works account for the purposes of the Government's public works programme and for the acquisition of land, in accordance with such conditions, exceptions and limitations as may be specified by the Finance Committee:

(k) the Financial Secretary may from time to time-

(i) transfer from the reserve account to the works account such sums as may be required for the purposes of the Fund;

(ii) pay from the reserve account to general revenue any balance in the reserve account which is not required for the purposes of the Fund;

(l) the Director of Accounting Services shall, under the authority of a funds warrant issued by the Financial Secretary, pay from the Fund such sums as may be required to meet expenditure from the Fund;

(m) the Financial Secretary in his discretion may authorize the investment in such manner as he may determine of any moneys held in the Fund at any time;

(n) all moneys held in the Fund on the date on which the Joint Declaration enters into force shall be deemed to be held in the works account;

(o) paragraphs (a), (b), (c), (d), (e) and (f) of the resolution made and passed by this Council on 27 July 1983, and published in the Gazette as Legal Notice No. 250 of 1983, shall cease to apply.

A 3

[Subsidiary]

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2026-05-04 08:46:45 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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1985 Ed.] Capital Works Reserve Fund [CAP. 2 credited to the suspense account under paragraph (c)(ii) during the preceding financial year between the Government and the future Hong Kong Special Administrative Region Government--- (i) divide such moneys in the proportion according to which transfers and payments were made under paragraphs (g) and (h) respectively during that preceding financial year: (ii) transfer the Government's share from the suspense account to the works account and pay the future Hong Kong Special Administrative Region Government's share from the suspense account to banks incorporated in Hong Kong: (j) the Financial Secretary may expend moneys from the works account for the purposes of the Government's public works programme and for the acquisition of land, in accordance with such conditions, exceptions and limitations as may be specified by the Finance Committee: (k) the Financial Secretary may from time to time- (i) transfer from the reserve account to the works account such sums as may be required for the purposes of the Fund; (ii) pay from the reserve account to general revenue any balance in the reserve account which is not required for the purposes of the Fund; (l) the Director of Accounting Services shall, under the authority of a funds warrant issued by the Financial Secretary, pay from the Fund such sums as may be required to meet expenditure from the Fund; (m) the Financial Secretary in his discretion may authorize the investment in such manner as he may determine of any moneys held in the Fund at any time; (n) all moneys held in the Fund on the date on which the Joint Declaration enters into force shall be deemed to be held in the works account; (o) paragraphs (a), (b), (c), (d), (e) and (f) of the resolution made and passed by this Council on 27 July 1983, and published in the Gazette as Legal Notice No. 250 of 1983, shall cease to apply. A 3 [Subsidiary]

Baseline (Original)

1985 Ed.] Capital Works Reserve Fund [CAP. 2 credited to the suspense account under paragraph (c)(ii) during the preceding financial year between the Government and the future Hong Kong Special Administrative Region Government--- (i) divide such moneys in the proportion according to which transfers and payments were made under paragraphs (g) and (h) respectively during that preceding financial year: (ii) transfer the Government's share from the suspense account to the works account and pay the future Hong Kong Special Administrative Region Government's share from the suspense account to banks incorporated in Hong Kong: (j) the Financial Secretary may expend moneys from the works account for the purposes of the Government's public works programme and for the acquisition of land, in accordance with such conditions, exceptions and limitations as may be specified by the Finance Committee: (k) the Financial Secretary may from time to time- (i) transfer from the reserve account to the works account such sums as may be required for the purposes of the Fund; (ii) pay from the reserve account to general revenue any balance in the reserve account which is not required for the purposes of the Fund; (1) the Director of Accounting Services shall, under the authority of a funds warrant issued by the Financial Secretary, pay from the Fund such sums as may be required to meet expenditure from the Fund; (m) the Financial Secretary in his discretion may authorize the investment in such manner as he may determine of any moneys held in the Fund at any time; (n) all moneys held in the Fund on the date on which the Joint Declaration enters into force shall be deemed to be held in the works account; (0) paragraphs (a), (b), (c), (d), (e) and (ƒ) of the resolu- tion made and passed by this Council on 27 July 1983. and published in the Gazette as Legal Notice No. 250 of 1983, shall cease to apply. A 3 [Subsidiary]

2026-05-04 08:46:45 · Baseline

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