【法规名称】
【法规编号】 79645 什么是编号？
【正 文】
第4页 CAP 563 URBAN RENEWAL AUTHORITY ORDINANCE
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[接上页] (b) unless he has made a declaration or disclosure under section 7(1) or (5) which is relevant to the matter, section 7(5) shall not apply as regards the matter. Cap 563 s 9 Answer to Legislative Council The committees and subcommittees of the Legislative Council may request the Chairman and the executive directors to attend its meetings and they shall comply. The Chairman and the executive directors shall answer questions raised by the Members of the Legislative Council at the meetings. Cap 563 s 10 Resources of Authority PART IV FINANCIAL PROVISIONS (1) The resources of the Authority shall consist of- (a) all money paid by the Government to the Authority and appropriated for that purpose by the Legislative Council; (b) all other money and property, including fees, rent, interest and accumulations of income received by the Authority for its purposes.(2) All money paid to or received by the Authority shall be deposited with banks licensed by the Hong Kong Monetary Authority. (3) The Secretary for Financial Services and the Treasury may give directions in writing of a general or specific character to the Authority in relation to the amount of money which may be expended by the Authority in any financial year and the Authority shall comply with those directions. (Amended L.N. 106 of 2002) (4) The Authority shall exercise due care and diligence in the handling of its finances. Cap 563 s 11 Borrowing powers (1) The Authority may borrow from the Government, such money as may be required for the performance of the duties of the Authority under this Ordinance, on such terms and conditions as may be approved by the Financial Secretary. (2) Subject to subsection (3), the Authority may borrow by way of overdraft from sources other than the Government such money as it may require for meeting its obligations or performing its duties under this Ordinance. (3) The Secretary for Financial Services and the Treasury may give directions in writing of a general or specific character to the Authority in relation to the amount of money which may be borrowed under subsection (2) and the Authority shall comply with those directions. (Amended L.N. 106 of 2002) (4) The Authority may with the approval of the Financial Secretary borrow, otherwise than by way of overdraft from sources other than the Government, such money as it may require for meeting its obligations or performing its duties under this Ordinance. (5) A person lending money to the Authority shall not be concerned to inquire whether the borrowing of the money by the Authority is legal or regular or whether the money lent has been properly applied by the Authority and shall not be prejudiced by any illegality or irregularity or by misapplication or non-application by the Authority of the money. (6) The Authority may with the approval of the Financial Secretary charge all or any part of its property as security for the repayment of money borrowed. Cap 563 s 12 Power to lend money (1) Subject to subsection (2), the Authority may lend money on such terms and conditions as the Authority thinks fit to any person or persons for the purposes of implementing a project of the Authority. (2) The Authority, when exercising the power under subsection (1), shall consider- (a) the needs of those persons who will be displaced by the implementation of a project for residential accommodation in the same locality; and (b) where there is a business which will be displaced by the implementation of a project, the needs of those persons to operate the business as a going concern.(3) The Secretary for Financial Services and the Treasury may give directions in writing of a general or specific character to the Authority in relation to the amount of money which may be lent under subsection (1) and the Authority shall comply with those directions. (Amended L.N. 106 of 2002) Cap 563 s 13 Guarantee by Government (1) The Legislative Council may from time to time by resolution authorize the Financial Secretary on behalf of the Government to grant guarantees in respect of- (a) the repayment of loans made to, or the discharge of other indebtedness of, the Authority and the payment of interest, premium or other charge thereon; and (b) the redemption or repayment of, and the payment of interest, premium or other charge on, any bonds, notes or other securities issued by the Authority,up to an amount not exceeding in total that specified in the resolution and subject to any terms or conditions specified therein. (2) A guarantee granted under subsection (1) which includes interest, amounts payable in consequence of the operation of any price variation clause, premium or other charges, shall not be invalid by reason only of the fact that such interest, amounts, premiums or charges, although specified in the resolution authorizing the granting of the guarantee, are not quantified as to total amount or included in the amount quantified in such resolution. (3) Any sum required for fulfilling a guarantee granted under subsection (1) by the Government shall be charged on and paid out of the general revenue and any sum received by the Government by way of repayment of a sum so paid out, or for interest thereon, shall be paid into the general revenue. |
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