To review the funding requirements and funding
methods for URA, its redevelopment projects and other works;
To review and approve the terms and conditions of
borrowing from all sources;
To review and approve addition and deletion of
URA's bank list based on the approved selection criteria;
To review and endorse for Board¡¦s approval the
investment objectives and investment categories of surplus funds and to approve
any changes to the detailed investment guidelines;
To review and endorse for Board¡¦s approval financial and treasury
policies;
To review and endorse for Board¡¦s approval the
financial aspects of the Annual Business Plan and Five-year Corporate Plan as
well as annual budgets;
To review and approve the minimum average market selling prices
and target rents of development projects; and to approve other sales and leasing
terms including sales and leasing strategies;
To review and approve any revisions or variations to the terms of
committed development agreements other than those having significant financial
implications; and
To review any other ad hoc situation that may have financial
implications.
