Hong Kong Ordinances

WESTERN HARBOUR CROSSING ORDINANCE - SECT 44

Payments into the Fund

(1) Where in respect of any year the net revenue of the Company-

   (a)  exceeds the upper estimated net revenue but does not exceed the
        maximum estimated net revenue, the Company shall pay into the Fund 50%
        of the amount in excess of the upper estimated net revenue; or

   (b)  exceeds the maximum estimated net revenue, the Company shall pay into
        the Fund the amount in excess of the maximum estimated net  revenue
        and an amount equal to 50% of the difference between the upper 
        estimated net revenue and the maximum estimated net revenue.

(2) Any payment due under subsection (1) shall be made not later than 31
December next following the end of the year to which the payment relates or
such later date as may be appropriate having regard to the project agreement.
(Enacted 1993)