CAP. 309]
Investment of surplus funds.
This Part not to apply to Trust Fund.
Jubilee Sports Centre
[1987 Ed.
(3) The accounts of the Board and the signed statement of accounts shall be audited by the appointed auditor, who shall certify such statement subject to such report, if any, as he may think fit.
(4) A copy of the signed and audited statement of accounts together with the report, if any, of the appointed auditor and a report by the Board on its activities during the period covered by the audited accounts, shall be submitted to the Governor, and laid on the table of the Legislative Council within 2 months of the receipt by the Board of the signed and audited statement of accounts from the appointed auditor. (Amended, 6 of 1987, s. 4)
17. All funds of the Board that are not immediately required shall be deposited in any savings bank, or on fixed deposit in any bank, nominated by the Financial Secretary, either generally or in any particular case, for that purpose, or, subject to the prior approval of the Financial Secretary, shall be invested in such investments as the Board thinks fit.
17A. This Part shall not apply to the Jubilee Sports Centre Trust Fund established by section 17C.
(Added, 6 of 1987, s. 5)
PART VA
Interpretation.
Establishment of trust fund.
JUBILEE SPORTS CENTRE TRUST FUND
17B. In this Part, unless the context otherwise requires-
"Chairman of the Committee" means the Chairman of the Committee of Trustees appointed under section 17D;
"Committee of Trustees" means the Jubilee Sports Centre Trust Fund Committee of Trustees established by section 17D;
"fund" means the Jubilee Sports Centre Trust Fund established by section 17C;
"trustee" means a member of the Committee of Trustees.
17C. (1) There is established a trust fund to be known as the Jubilee Sports Centre Trust Fund.
(2) Subject to this Part, the fund shall be administered by the Committee of Trustees.
(3) The fund shall consist of
(a) such moneys and assets as may be donated, subscribed or bequeathed to, and accepted by, or otherwise acquired by the Board for the fund; and
(b) any interest, dividends and income derived from the moneys and other assets of the fund.
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8
CAP. 309]
Investment of surplus funds.
This Part not to apply to Trust Fund.
Jubilee Sports Centre
[1987 Ed.
(3) The accounts of the Board and the signed statement of accounts shall be audited by the appointed auditor, who shall certify such statement subject to such report, if any, as he may think fit.
(4) A copy of the signed and audited statement of accounts together with the report, if any, of the appointed auditor and a report by the Board on its activities during the period covered by the audited accounts, shall be submitted to the Governor, and laid on the table of the Legislative Council within 2 months of the receipt by the Board of the signed and audited statement of accounts from the appointed auditor. (Amended, 6 of 1987, s. 4)
17. All funds of the Board that are not immediately required shall be deposited in any savings bank, or on fixed deposit in any bank, nominated by the Financial Secretary, either generally or in any particular case, for that purpose, or, subject to the prior approval of the Financial Secretary, shall be invested in such investments as the Board thinks fit.
17A. This Part shall not apply to the Jubilee Sports Centre Trust Fund established by section 17C.
(Added, 6 of 1987, s. 5)
PART VA
Interpretation.
Establishment of trust fund.
JUBILEE SPORTS CENTRE TRUST FUND
17B. In this Part, unless the context otherwise requires-
"Chairman of the Committee" means the Chairman of the Com-
mittee of Trustees appointed under section 17D;
"Committee of Trustees" means the Jubilee Sports Centre Trust
Fund Committee of Trustees established by section 17D;
"fund" means the Jubilee Sports Centre Trust Fund established by
section 17C;
"trustee" means a member of the Committee of Trustees.
17C. (1) There is established a trust fund to be known as the Jubilee Sports Centre Trust Fund.
(2) Subject to this Part, the fund shall be administered by the Committee of Trustees.
(3) The fund shall consist of
(a) such moneys and assets as may be donated, subscribed or bequeathed to, and accepted by, or otherwise acquired by the Board for the fund; and
(b) any interest, dividends and income derived from the
moneys and other assets of the fund.
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