3.—(1) For the purposes of section 33(6)(a)(v) of the Act, a Town Council may disburse moneys from any of its ordinary sinking funds to meet expenses or liabilities properly attributable to that sinking fund in respect of any of the following improvement works carried out or 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;
(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.
(2) A housing estate of the Board, or any part of it, is an approved housing estate for the purposes of these Rules if —
(a)
the estate or part of it 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 of it agree to lodge an application with the Board under section 126(1) of the Land Titles (Strata) Act.