File Ref. : FW 12/98 W1
INFORMATION PAPER FOR THE
LEGISLATIVE COUNCIL PANEL
ON PLANNING, LANDS AND WORKS
Capital Works Reserve Fund
Block allocations for 1999-2000
This paper provides information on the funding to be sought from the Finance Committee via the Public Works Subcommitee for the CWRF block allocations for 1999-2000.
2.The CWRF finances 11 different heads of expenditure covering the Public Works Programme, the acquisition of land, capital subventions and major systems and equipment, and computerisation. For items costing no more than $15 million each, we would normally use funds from one of the block allocations set up under the respective heads of expenditure. We seek the funding allocations for each of the block allocations from the Finance Committee by means of a Public Works Subcommittee paper on a yearly basis. Before the submission of the funding proposal to the FC via the PWSC, we seek the views and support of the members of this panel. The draft PWSC paper is attached for Members' information.
3. We would welcome any views and comments from Members.
File Reference : FW 12/98 W1