1983 Ed.]
Mass Transit Fund
[CAP. 2
E 1
1.
Repealed by IN 80/90
MASS-TRANSIT FUND
RESOLUTIONS OF THE LEGISLATIVE COUNCIL
Resolution made and passed by the Legislative Council on 28 March 1973.
IT IS HEREBY RESOLVED:
(i) that there is hereby established a fund styled the Mass Transit Fund;
(ii)(iv) [ceased to apply, see paragraph 2(g).]
2. Resolution made and passed by the Legislative Council under section 29(1) of the Public Finance Ordinance on 27 July 1983.
RESOLVED with respect to the Mass Transit Fund established by resolution made and passed by this Council on 28 March 1973 and deemed under section 29(3) of the Ordinance to have been established in accordance with that section, that-
(a) the Fund be administered by the Financial Secretary, who may delegate his power of administration to other public officers;
(b) there be credited to the Fund such appropriations from general revenue as may be approved by this Council;
(c) the Financial Secretary may expend moneys from the Fund for the purposes of or in connexion with the mass transit railway system, in accordance with such conditions, exceptions and limitations as may be specified by the Finance Committee;
(d) 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;
(e) the Financial Secretary in his discretion may authorize the investment in such manner as he may determine of any unexpended balance held in the Fund at any time;
(f) the Financial Secretary may from time to time transfer from the Fund to general revenue any balance in the Fund which is not required for the purposes of the Fund; and
(g) paragraphs (ii), (iii) and (iv) of the resolution made and passed by this Council on 28 March 1973 and published in the Gazette as Legal Notice No. 78 of 1973, which relate to the composition, expenditure and administration of the Fund, cease to apply.
L.N. 78/73.
L.N. 88/73.
L.N. 251/83. (Cap. 2.)
UNIVERSITY
OF
LAW
LIBRARY
HO
1983 Ed.]
Mass Transit Fund
[CAP. 2
E 1
1.
Repealed by IN 80/90
MASS-TRANSIT FUND
RESOLUTIONS OF THE LEGISLATIVE COUNCIL
Resolution made and passed by the Legislative Council on 28 March 1973.
IT IS HEREBY RESOLVED:
(i) that there is hereby established a fund styled the Mass
Transit Fund;
(ii)(iv) [ceased to apply, see paragraph 2(g).]
2. Resolution made and passed by the Legislative Council under section 29(1) of the Public Finance Ordinance on 27 July 1983.
RESOLVED with respect to the Mass Transit Fund established by resolution made and passed by this Council on 28 March 1973 and deemed under section 29(3) of the Ordinance to have been established in accordance with that section. that-
(a) the Fund be administered by the Financial Secretary, who may delegate his power of administration to other public officers;
(b) there be credited to the Fund such appropriations from general revenue as may be approved by this Council;
(c) the Financial Secretary may expend moneys from the Fund for the purposes of or in connexion with the mass transit railway system, in accordance with such conditions, exceptions and limitations as may be specified by the Finance Committee;
(d) 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;
(e) the Financial Secretary in his discretion may author- ize the investment in such manner as he may deter- mine of any unexpended balance held in the Fund at any time;
[Subsidiary]
L.N. 78.73.
L.N. 88:73.
()the Financial Secretary may from time to time trans- fer from the Fund to general revenue any balance in the Fund which is not required for the purposes of the Fund; and
L.N. 251/83. (Cap. 2.)
(g) paragraphs (ii), (iii) and (iv) of the resolution made and passed by this Council on 28 March 1973 and published in the Gazette as Legal Notice No. 78 of 1973, which relate to the composition, expenditure and administration of the Fund, cease to apply.
UNIVERSITY
OF
LAW
LIBRAR
HO
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