【法规名称】
【法规编号】 79645 什么是编号？
【正 文】
第5页 CAP 563 URBAN RENEWAL AUTHORITY ORDINANCE
|
[接上页] (4) If, pursuant to a guarantee granted under subsection (1), the Government makes a payment to a creditor of the Authority in respect of a debt secured by a mortgage or a specific or floating charge, such sum shall be repayable to the Government by the Authority, together with interest thereon at such rate as the Financial Secretary may determine, and the Government shall as from the time of payment have the benefit of all the remedies vested in the creditor by virtue of such mortgage or charge with liberty to exercise the rights and powers arising thereunder in its own name and without any assignment by the creditor. Cap 563 s 14 Use of surplus funds (1) The Authority may invest money that in any financial year is not immediately required to be expended in such forms of investment as the Financial Secretary may approve. (2) If in any financial year there is an excess of revenue of the Authority over the total sum required by it to be expended- (a) to meet the total outgoings of the Authority properly chargeable to revenue; and (b) to enable the Authority to- (i) make such allocations to reserve as it may reasonably consider adequate; (ii) pay any moneys owing by it, whether or not payment is legally due at the time,the Financial Secretary may, after consultation with the Authority, give the Authority directions requiring it to pay the whole or part of the excess to the Government and the Authority shall comply with those directions. (3) Subject to any directions given under subsection (2), the Authority may deal with any such excess as is mentioned in that subsection- (a) by applying it for such of the purposes of the Authority as the Authority may determine; or (b) by allocating it to reserve, whether generally or for a particular purpose,or partly in one of those ways and partly in another. (4) Any sum received by the Government under subsection (2) shall be paid into the general revenue. Cap 563 s 15 Debt of Authority (1) The Authority shall be indebted to the Government in a sum equal to- (a) all money received by the Authority under section 10(1)(a); (b) all expenditure directly or indirectly incurred by the Government for the benefit of the Authority.(2) The Financial Secretary shall determine the amount of such indebtedness and any interest thereon by certificate under his hand and may for sufficient cause reduce or increase any amount so certified. (3) The indebtedness of the Authority under subsections (1) and (2) and any interest thereon shall be discharged in such manner as the Financial Secretary directs. Cap 563 s 16 Authority to keep proper accounting records and to prepare financial statements (1) The Authority shall keep such accounting records as correctly explain its financial transactions and financial position and so that- (a) true and fair financial statements can be prepared from time to time; and (b) those statements can be conveniently and properly audited in accordance with section 18.(2) The Authority shall ensure that the following financial statements are prepared as soon as practicable and in any case not later than 3 months after the end of each financial year- (a) an income and expenditure account that gives a true and fair view of the Authority's income and expenditure for that year; (b) a balance sheet as at the end of that year that gives a true and fair view of the Authority's financial position as at the end of that year.(3) The Authority shall ensure that the financial statements comply with any accounting standards notified to the Authority in writing by the Financial Secretary. Cap 563 s 17 Authority to appoint auditor (1) The Authority shall appoint an auditor to audit the accounts of the Authority. (2) As soon as practicable after a vacancy occurs in the office of auditor, the Authority shall appoint another auditor to fill the vacancy. Cap 563 s 18 Authority's financial statements to be audited (1) Not later than 3 months after the end of each financial year, the Authority shall submit the financial statements prepared for that year to the Authority's auditor for auditing. (2) As soon as practicable after receiving the financial statements submitted by the Authority, the Authority's auditor shall audit those statements and prepare an auditor's report on audit of those statements. (3) The auditor's report shall state whether or not the financial statements are, in the opinion of the Authority's auditor, properly drawn up so as to give a true and fair view of the matters referred to in section 16(2) and in compliance with the accounting standards, if any, notified under section 16(3) and, if not, the reasons for that opinion. (4) The Authority's auditor is entitled- (a) to have access at all reasonable times to the Authority's accounting records; and (b) to require the Managing Director, the executive directors and any member of the staff of the Authority to provide the auditor with such explanations and information as the auditor considers necessary for the purpose of conducting the audit.(5) As soon as practicable after completing the audit and preparing the auditor's report, the Authority's auditor shall- |
- 此法规有错误，我来纠正。请点击在此 提交错误内容或者您纠正的内容！