### Housing Ordinance 《房屋條例》

12. Borrowing powers
The Authority may borrow from the Government, or from such other sources as the Chief Executive may approve, such moneys as may be required for the discharge of the functions of the Authority under this Ordinance, upon such terms and conditions as may be approved by the Chief Executive.
(Amended 44 of 2000 s. 3)

13. Investment of surplus funds
(1) Any moneys in the hands of the Authority which are not immediately required for the purposes of the Authority may be invested in such securities as may be approved by the Financial Secretary: (Amended 16 of 1988 s. 7)
Provided that, during such time as any moneys are due by the Authority to the Government, no such investment shall be made without the prior approval of the Financial Secretary.
(2) If in any financial year there is an excess of revenue of the Authority over the total sum required by it—
(a) to meet the total outgoings and provisions of the Authority properly chargeable to revenue; and
(b) to enable the Authority to—
(i) make such allocations to reserves as it may reasonably consider adequate; and
(ii) pay any moneys owing by it, whether or not payment is legally due at the time,
the Financial Secretary may, after consultation with the Authority, give the Authority directions requiring it to pay the whole or part of the excess to the Government. (Added 16 of 1988 s. 7)

### Housing Ordinance 《房屋條例》

14. Accounts and audit
(1) The Authority shall keep, under the general direction of the Director of Accounting Services, proper accounts and other records and shall prepare in respect of each financial year a statement of accounts. (Amended L.N. 16 of 1977)
(2) Not later than 30 September following the end of each financial year, or before a later date that the Chief Executive may allow, the accounts of the Authority shall be submitted to the Director of Audit who shall audit the accounts and furnish a report on them. (Replaced 16 of 1988 s. 8)
(3) As soon as the accounts of the Authority have been audited, the Authority shall send to the Chief Executive a copy of the statement of accounts signed by the Chairman together with a copy of the report made by the auditor on that statement or on the accounts of the Authority.
(4) The Secretary for Housing shall lay a copy of every such statement and report on the table of the Legislative Council not later than 31 December next following the end of the financial year or before such later date as the Chief Executive may allow. (Amended 16 of 1988 s. 8; L.N. 362 of 1997; L.N. 25 of 2004; L.N. 130 of 2007; L.N. 144 of 2022)
(Amended 44 of 2000 s. 3)

15. Annual reports
(1) The Authority shall, as soon as possible after the end of each financial year, make to the Chief Executive a report dealing generally with the activities of the Authority during that year.
(2) The Secretary for Housing shall lay a copy of every such annual report on the table of the Legislative Council not later than 31 December next following the financial year to which the annual report relates or before such later date as the Chief Executive may allow. (Amended 16 of 1988 s. 9; L.N. 362 of 1997; L.N. 25 of 2004; L.N. 130 of 2007; L.N. 144 of 2022)
(Amended 44 of 2000 s. 3)

### Housing Ordinance 《房屋條例》

16. Leases of land in estates
(1) Subject to this Ordinance, the Authority may—
(a) let to any person, for any period, any land in an estate, subject to the payment of such premium, rent or other consideration as the Authority may determine; and
(b) fix the terms, covenants and conditions on which any land in an estate may be let or occupied.
(1A)-(1E) (Repealed 12 of 2007 s. 3)(2) The terms, covenants and conditions fixed by the Authority pursuant to subsection (1)(b) may include terms, covenants and conditions which provide for—
(a) the subletting by a lessee or sublessee of the whole or any part of the land or for the granting by such person of a licence to any person to occupy the whole or any part of the land; or
(b) the management by a lessee of any land in an estate let to or occupied by him. (Replaced 16 of 1993 s. 5)
(3) Where—
(a) the Authority grants a lease under subsection (1) of Government land in an estate vested in or under the control and management of the Authority under section 5, 37 or 38; or
(b) by virtue of and in accordance with such a lease, a sublease or licence to occupy any part of the land is granted to any person,
the person occupying the land under and in accordance with the lease, sublease or licence shall be deemed for the purpose of sections 4 and 6 of the Land (Miscellaneous Provisions) Ordinance (Cap. 28), to be occupying the land under a licence issued under section 5 of that Ordinance. (Added 16 of 1993 s. 5. Amended 29 of 1998 s. 60)
(4) Without prejudice to the general power mentioned in subsection (1)(a), the Authority may in writing require tenants of lands in an estate to pay different rents based on their total household income or total household income and assets. (Added 24 of 1998 s. 4)
(5) For the avoidance of doubt, the Authority shall be deemed always to have had the power conferred on it by subsection (4). (Added 24 of 1998 s. 4. Amended E.R. 6 of 2019)

### Housing Ordinance 《房屋條例》

17. Remission of rent
The Authority may remit, in whole or in part and for such period as it thinks fit, the payment of any rent, premium or other consideration payable under any lease.

17A. Sale of land
(1) Subject to the conditions of the Government lease in respect of any land in an estate, and subject to the payment of such purchase price and such terms and conditions of payment as the Authority may determine with the prior approval of the Chief Executive, the Authority may sell or otherwise dispose of any such land. (Amended 44 of 2000 s. 3)
(2) Subject to the conditions of the Government lease in respect of any land in an estate, the Authority may fix the terms, covenants and conditions on which such land may be sold or otherwise disposed of.
(3) The Authority shall determine the eligibility of persons to purchase land in an estate, specify the form of application for the purchase of such land and the information to be provided in such application, and charge such fee in respect of such application as it may determine.
(Added 33 of 1978 s. 4. Amended 29 of 1998 s. 105)