Regulation 6

Where a Town Council has incurred, or is likely to incur, any expenditure for lift upgrading works that exceeds $5,000 for each beneficiary flat in respect of which those lift upgrading works are or are to be carried out, and the Town Council is not authorised under rule 5 to withdraw moneys from its Town Council Fund to meet that additional expenditure, the Town Council may, with the approval of the Minister, further withdraw from its sinking fund such amounts as are essential to meet that additional expenditure, subject to the limit prescribed in paragraph (2).

The total amounts withdrawn under rule 4 and paragraph (1) for any lift upgrading works carried out or to be carried out by a Town Council shall not exceed 10% of the total sum standing to the credit of its sinking fund as at 31st March 2004.