Hong Kong Ordinances

INDUSTRIAL TRAINING (CONSTRUCTION INDUSTRY) ORDINANCE - SECT 6

General powers of the Authority

Caution: This is a past version. See the current version here.

(1) The Authority may do all such things as are necessary for, or incidental
or conducive to, the better carrying out of the functions of the Authority and
may in particular, but without prejudice to the generality of the foregoing-

   (a)  hold, acquire or lease all kinds of property, whether movable or
        immovable;

   (b)  subject to subsection (2), sell or otherwise dispose of all kinds of
        property whether movable or immovable;

   (c)  enter into, assign or accept the assignment of, and vary or rescind
        any contract or obligation;

   (d)  subject to subsection (3), meet expenditure on any item shown in the
        approved estimates of expenditure of the Authority, borrow or
        otherwise raise money on such security as may be necessary, and for
        that purpose, charge all or any of the property of the Authority;

   (da) provide such funds as may be requested by the Secretary for
        Development under the Construction Industry Council Ordinance (
        Cap 587) to meet the expenses incurred by the Construction Industry
        Council established under that Ordinance; (Added 12 of 2006 s. 84.
        Amended L.N. 130 of 2007)

   (e)  make charges for the use of any facility or service provided by the
        Authority; (Amended 3 of 2004 s. 6)

   (f)  engage the services of other bodies to perform any of its functions
        under section 5(a) and (e). (Added 3 of 2004 s. 6)

(2) The Authority shall not sell or otherwise dispose of land granted at nil
premium by the Government except with the prior approval of the Chief
Executive. (Amended 3 of 2004 s. 37)

(3) Except with the prior approval of the Financial Secretary, no sum shall be
borrowed or otherwise raised under subsection (1)(d) which itself, or together
with all other sums previously borrowed or otherwise raised under that
subsection and still outstanding, exceeds, or in the aggregate exceeds, 10 per
cent of the approved total estimated expenditure for the current financial
year.