| Use of money in special account for payment of improvement contributions in respect of upgrading works |
| Use of money in special account for payment of improvement contributions in respect of upgrading works |
5C.—(1) Where a member, as owner of a residential property, is liable to pay, on or after 1st March 1999, the monthly improvement contributions due to the Housing and Development Board in respect of upgrading works carried out on the residential property under Part IVA of the Housing and Development Act (Cap. 129), or the monthly improvement contributions due to a Town Council in respect of lift upgrading works carried out in relation to the residential property under Part IVA of the Town Councils Act (Cap. 329A), the Board, with the approval of the Minister, may —
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