Public Finance Ordinance

(1)
No public officer shall give a guarantee involving any financial liability upon the Government unless such guarantee is
given—
(a)
for the purposes of and in accordance with the provisions of an Ordinance or a resolution of the Legislative Council; or
(b)
with the prior approval of the Finance Committee.
(2)
No guarantee given in contravention of subsection (1) shall be binding on the Government.