### Ocean Park Corporation Ordinance 《海洋公園公司條例》

24. Power of Chief Executive of the Corporation to delegate
(1) Subject to subsection (2), the Chief Executive of the Corporation may, with or without restrictions or conditions as he thinks fit, delegate in writing to such person, or committee created under section 22(1), as he thinks fit, his functions and powers, including any function or power delegated to him under section 23.
(2) The power conferred by subsection (1) on the Chief Executive of the Corporation to delegate any function or power of the Corporation delegated to him under section 23 and the exercise by any person, or committee created under section 22(1), of any such function or power delegated by the Chief Executive of the Corporation under subsection (1), shall be subject to any restriction or condition imposed by the Corporation under section 23.
(Amended 59 of 2000 s. 3)

25. Power to borrow money
The Corporation may, for the promotion of its functions specified in section 17(1)(a), (b), (c) or (ca), borrow money and charge all or any part of its property as security therefor, and pay interest on any money so borrowed. (Amended 26 of 2021 s. 7)

26. Accounts and statements
(1) The Corporation shall cause proper accounts to be kept of all its financial transactions and shall cause to be prepared for each financial year a statement of the accounts of the Corporation, which statement shall—
(a) include—
(i) an income and expenditure account and balance sheet; and
(ii) the number of attendances at Ocean Park for that year; and
(b) be signed by the Chairman.
(2) The accounts of the Corporation and the signed statement of accounts shall be audited by an auditor appointed by the Corporation and the auditor shall certify the statement subject to such report, if any, as he thinks fit.
(3) There shall be laid on the table of the Legislative Council not later than 31 December next following the end of the period in respect of which a statement is required to be prepared under subsection (1) or so soon thereafter as the Chief Executive may allow— (Amended 59 of 2000 s. 3)
(a) a copy of the signed and audited statement of accounts together with the auditor’s report, if any; and
(b) a report by the Corporation on its activities during that period.

27. Investment of surplus funds
All funds of the Corporation that are not immediately required shall be invested in such investments as the Corporation thinks fit.

28. Auditors
Any auditor appointed under section 26(2) shall be entitled at any time—
(a) to have access to such books of account, vouchers and other records of the Corporation; and
(b) to require such information and explanation,
as he considers necessary to discharge his functions.

### Ocean Park Corporation Ordinance 《海洋公園公司條例》

29. This Part not to apply to the Fund
This Part shall not apply to the Fund.

30. Establishment of the Fund
(1) There is hereby established a trust fund to be called the Ocean Park Trust Fund.
(2) The Corporation shall be the trustee of the Fund and shall administer it in accordance with this Part.
(3) The Fund shall consist of—
(a) such moneys and assets as may be donated, subscribed or bequeathed to, and accepted by, or otherwise acquired by the Corporation for the Fund; and
(b) any interest, dividends and income derived from the moneys and other assets of the Fund.

31. Application of the Fund
The Corporation shall apply—
(a) such of the Fund as consists of the moneys and assets referred to in section 30(3)(a) directly or indirectly in such manner as is necessary for—
(i) capital expenditure on development projects for Ocean Park; or
(ii) the promotion of any other functions specified in section 17(1)(a), (b), (c) or (ca) that the Secretary for Culture, Sports and Tourism may approve; and (Amended 59 of 2000 s. 3; L.N. 144 of 2022)
(b) such of the Fund as consists of any interest, dividends and income referred to in section 30(3)(b) directly or indirectly in such manner as is necessary for the promotion of its functions specified in section 17(1)(a), (b), (c) or (ca).
(Amended 26 of 2021 s. 8)

32. Investment of moneys
The Corporation may invest any moneys of the Fund in such authorized investment (within the meaning of section 4 of the Trustee Ordinance (Cap. 29)) as the Corporation thinks fit.

### Ocean Park Corporation Ordinance 《海洋公園公司條例》

33. Accounts and statements
(1) The Corporation shall cause proper accounts to be kept of all transactions of the Fund and shall cause to be prepared, in respect of the period from the commencement*of this Ordinance to 30 June 1987, and thereafter for each financial year, a statement of the accounts of the Fund, which statement shall—
(a) include an income and expenditure account and balance sheet; and
(b) be signed by the Chairman.
(2) The accounts of the Fund and the signed statement of the accounts shall be audited by an auditor appointed by the Corporation and the auditor shall certify the statement subject to such report, if any, as he thinks fit.
(3) There shall be laid on the table of the Legislative Council not later than 31 December next following the end of each period in respect of which a statement is required to be prepared under subsection (1) or so soon thereafter as the Chief Executive may allow— (Amended 59 of 2000 s. 3)
(a) a copy of the signed and audited statement of accounts together with the auditor’s report, if any; and
(b) a report by the Corporation on the administration of the Fund during that period.

Editorial Note:
* Commencement date : 1 July 1987.

34. Fund not to be used as security
The Fund shall not—
(a) be used by the Corporation for the purpose of borrowing money; or
(b) be charged, mortgaged, pledged or used as security for any purpose.

35. Auditors
Any auditor appointed under section 33(2) shall be entitled at any time—
(a) to have access to such books of account, vouchers and other records of the Fund; and
(b) to require such information and explanation,
as he considers necessary to discharge his functions.

36. Corporation not servant or agent of the Government
The Corporation shall not be regarded as a servant or agent of the Government or as enjoying any status, immunity or privilege of the Government.
(Amended 23 of 2002 s. 33)

37. Chief Executive may obtain information
The Corporation shall upon request by the Chief Executive afford to him sufficient facilities for obtaining information with respect to the property and affairs of the Corporation and shall in such manner and at such times as the Chief Executive may require furnish him with returns, accounts and other information with respect thereto and afford to him facilities for the verification of information furnished.
(Amended 59 of 2000 s. 3)