Town Councils (Disbursement of Moneys from Sinking Fund) Rules

Status:

Not current version
(version history — see timeline)

Town Councils Act

(Chapter 329A, Sections 33(6)(a)(v) and 51)

Town Councils (Disbursement of Moneys
from Sinking Fund) Rules

R 5

REVISED EDITION 1998

(15th June 1998)

[15th June 1998]

Citation

1. These Rules may be cited as the Town Councils (Disbursement of Moneys from Sinking Fund) Rules.

Improvement works for privatised estates

2.—(1) For the purposes of section 33(6)(a)(v) of the Act, a Town Council may disburse moneys from any of its sinking funds to meet expenses or liabilities properly attributable to that sinking fund in respect of any of the following improvement works to be carried out in any approved housing estate within the Town which the Town Council manages and maintains:

(a)	building a boundary wall or fence and erecting or installing a name-plate;
(b)	building a guard house;
(c)	installing a security access system; or
(d)	setting up an office for use by a management corporation constituted or to be constituted in relation to one or more buildings within the Town. [S 360/2000 wef 07/08/2000]

(2) A housing estate of the Board, or any part thereof, shall be an approved housing estate for the purposes of these Rules if and only if —

(a)	the estate or part thereof is situated on any land to which section 126A of the Land Titles (Strata) Act (Cap. 158) applies; and
(b)	the owners of not less than 75% of the total number of flats comprised in the buildings within the housing estate or part thereof agree to lodge an application with the Board under section 126(1) of the Land Titles (Strata) Act (Cap. 158).

Improvement works for housing estates of Board

3. For the purposes of section 33(6)(a)(v) of the Act, a Town Council may disburse moneys from any of its sinking funds to meet expenses or liabilities properly attributable to that sinking fund in respect of any of the following improvement works to be carried out for the benefit of residents in the housing estates of the Board within the Town which the Town Council manages and maintains:

(a)	installation of any sensor and starter controller to the time-controlled booster pumping system; and
(b)	installation or replacement of any video lift monitoring device.

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