Hong Kong Ordinances

PNEUMOCONIOSIS AND MESOTHELIOMA (COMPENSATION) ORDINANCE - SECT 29

Estimates and financial year

(Past version on 01/07/1997).
(Past version on 30/06/1997).

(1) In each financial year, before a date to be appointed by the Chief
Executive, the Board shall submit to the Chief Executive a programme of its
proposed activities and estimates of its income and expenditure for the next
financial year.

(2) The Board may, from time to time, with the prior approval of the Chief
Executive, fix a period to be the financial year of the Board.

(3) The Chief Executive may approve or reject the programme and estimates
submitted to him under subsection (1) and, in the case of a rejection, may
require the Board to resubmit, within such time as he may direct, the
programme or estimates, or both, modified in such manner as he may direct.
(Added 65 of 1987 s. 4)

(4) The Board shall comply with any requirement under subsection

(3). (Added 65 of 1987 s. 4)

(5) The Board may from time to time vary the estimates submitted under
subsection (1), even after their approval by the Chief Executive, and if it
does so shall inform the Chief Executive in writing of the details of the
variation. (Added 65 of 1987 s. 4) (Amended 3 of 2004 s. 38)