PUBLIC FINANCE ORDINANCE - minor amendment

PUBLIC FINANCE ORDINANCE - minor amendment

CHAPTER 2

PUBLIC FINANCE

1. The Public Finance Ordinance is amended-

(1) in section 3 by repealing subsection (2) and substituting-

(2) Any refund or drawback may be made from the
general revenue in accordance with regulations made under
sectionll. (Replaced8of 1984s. 2)

(2)in section 14(4) by repealing 'under his hand' and substituting

signed by him or by a public officer authorized generally or
specially by him,

(3) in section 29-

(a) in subsection (1) by adding after 'purpose'-

, and such other moneys received for the purposes of the
Government as may be specified in the resolution,

(b) by adding after subsection (1)-

(IA) Moneys specified in a resolution passed under
subsection (1) in respect of any fund shall, if such
moneys have not been appropriated for the purpose of
the fund when the resolution is passed, be deemed to be
appropriated thereby for that purpose; and this
subsection shall apply in relation to any such resolution
whether passed before or after the commencement* of
the Public Finance (Amendment) Ordinance 1985. (Added
16 of 1985 s. 2)

(4) by adding after section 42-

43. For the removal of doubt, it is declared that acts of the
Finance Committee under this or any other Ordinance,
including any delegation under section 8(3) of this Ordinance,
shall not be affected by a dissolution of the Legislative
Council.

(Added 48 of 1988 s. 2)

(5) in the First Schedule by repealing 'Home Ownership Fund';

(6)by repealing 'Colonial Treasurer Incorporated' wherever occurring
and substituting 'Financial Secretary Incorporated'.





2. The resolution made and passed by the Legislative Council
with respect to the Capital Works Reserve Fund under section 29(1)
of the Public Finance Ordinance on 15 May 1985 and published as
Legal Notice No. 131 of 1985 is amended by repealing paragraph
(j) and substituting-

(j)the Financial Secretary may expend moneys from the
works account for-
(i) the purposes of the Government's public works
programme;
(ii) the purchase and installation of equipment
consequential on implementing the public works
programme;
(iii) the development, purchase and installation of
major equipment systems used by the Government;
(iv) capital subventions; and
(v) the acquisition of land,

in accordance with such conditions, exceptions and
limitations as may be specified by the Finance Committee;
(L.N. 4 of 1988)
8 of 1984 s. 3. 16 of 1985 s. 2. (16 of 1985) [*3.5.85.] Effect of dissolution of Legislative Council. 16 of 1988 s. 12. L.N. 79/ of 1986.

8 of 1984 s. 3. 16 of 1985 s. 2. (16 of 1985) [*3.5.85.] Effect of dissolution of Legislative Council. 16 of 1988 s. 12. L.N. 79/ of 1986.

https://oelawhk.lib.hku.hk/items/show/3633

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