Hong Kong Ordinances

WESTERN HARBOUR CROSSING ORDINANCE - SECT 38

Western Harbour Crossing Toll Stability Fund Management Committee

(Past version on 01/07/2002).
(Past version on 30/06/1997).

For the saving and transitional provisions relating to the amendments made by
the Resolution of the Legislative Council (L.N. 130 of 2007), see paragraph
(12) of that Resolution.

(1) There is hereby established a body to be known as the Western 
Harbour Crossing Toll Stability Fund Management Committee, which-

   (a)  shall be a body corporate;

   (b)  may in that name sue and be sued; and

   (c)  shall have a common seal the affixing of which shall be authenticated
        by the Chairman or a member referred to in subsection (2)(b) or (c) as
        may be authorized by the Chairman for the purpose.

(2) The Committee shall consist of-

   (a)  the Secretary for Financial Services and the Treasury who shall be the
        Chairman of the Committee (in this Part referred to as the

"Chairman"); (Amended L.N. 106 of 2002)

   (b)  the Secretary for Transport and Housing; and (Amended L.N. 106 of
        2002; L.N. 130 of 2007)

   (c)  the Director of Accounting Services.

(3) At any meeting of the Committee-

   (a)  a majority of the persons constituting the Committee shall form a
        quorum;

   (b)  all questions arising for determination shall be decided by a majority
        of the votes of those persons present and voting; and

   (c)  in the event of an equality of votes, the Chairman shall have a
        casting vote.

(4) The moneys constituting the Fund shall be deposited by the Committee with
the Director of the Exchange Fund or in a separate interest bearing bank
account opened and maintained by the Committee in any authorized institution
within the meaning of section 2 of the Banking  Ordinance ( Cap 155). (Amended
49 of 1995 s. 53)

(5) Subject to this section, the Committee may determine its own procedure.
(Enacted 1993)