Hong Kong Ordinances

WESTERN HARBOUR CROSSING ORDINANCE - SECT 37

Western Harbour Crossing Toll Stability Fund

PART IX

WESTERN HARBOUR CROSSING TOLL STABILITY FUND

(1) There is hereby established a fund to be known as the Western 
Harbour Crossing Toll Stability Fund.

(2) The Fund shall consist of-

   (a)  moneys paid into the Fund under section 44;

   (b)  any other moneys paid by the Company into the Fund in accordance with
        the project agreement;

   (c)  interest or other income derived from the moneys of the Fund.

(3) The Committee-

   (a)  shall-

        (i)    administer the Fund; and

        (ii)   apply the moneys of the Fund, in accordance with this Part and
               section 49; and

   (b)  may pay from the moneys of the Fund the cost of administering the
        Fund.

(4) Where at any time the Financial Secretary is of the opinion that the
moneys in the Fund are in excess of the moneys that are required for the
purposes of section 49, he may require the Committee to pay an amount, being
an amount which he considers to be so in excess and specified by him, into the
general revenue.

(5) The Committee shall comply with any requirement made under subsection (4).
(Enacted 1993)