STUDENT LOAN FUND

STUDENT LOAN FUND

RESOLUTIONS OF THE LEGISLATIVE COUNCIL

1. Resolution made and passed by the Legislative Council on 16 January
1980.

RESOLVED

(a)that there will, with effect from 1 February 1980, be
established a fund styled the Student Loan Fund;

(b)-(e) [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 Student Loan Fund established by
resolution made and passed by this Council on 16 January
1980 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-

(i) such appropriations from general revenue as may
be approved by this Council; and

(ii) all sums received by way of repayment of loans to
students made from the Fund;

(c)the Financial Secretary may expend moneys from the
Fund for the purpose of granting loans to students under
schemes approved for that purpose by the Finance
Committee, 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;

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 (b), (c), (d) and (e) of the resolution made
and passed by this Council on 16 January 1980 and
published in the Gazette as Legal Notice No. 17 of
1980, which relate to the composition, expenditure
and administration of the Fund, cease to apply.
L.N. 17/80. L.N. 252/83. (Cap. 2.)

L.N. 17/80. L.N. 252/83. (Cap. 2.)

https://oelawhk.lib.hku.hk/items/show/2192

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