Page 29 - L4.3_MSB (III)-Owners and IO (esstatehunterhk.com)_Neat

Contingency Fund （備用基金）

under s.20

 Not a mandatory fund implied by BMO

 To provide for expenditure of an unexpected or urgent nature

 E.g., urgent repairing of slope, legal costs for court proceedings /
arbitration

 M.C. determines the amount and the items covered by the Fund (para.

2, Sch 5)

 May be subject to revision as from time to time (para. 3, Sch 5)

 Owner has the right to request for a copy of the contingency fund

(para. 4, Sch 5)

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