Telecommunications Ordinance Part 5A 5A-10 Section 32F Cap. 106 (b) require any proceeds arising out of any allocation, assignment, lease or sale referred to in paragraph (a), less the administrative costs of carrying out the allocation, assignment, lease or sale, to be— (i) either— (A) paid to a charitable institution or an institution carrying out education, or research and development, activities connected with telecommunications; or (B) applied towards promoting education, or research and development, connected with telecommunications; or (ii) paid into a fund established by the Authority for the purpose of holding such proceeds prior to the payment or application of the funds referred to in subparagraph (i); (c) impose requirements on the Authority in relation to the establishment and management of any such fund. (6) The amount of any fees prescribed under subsection (5) need not be limited by reference to the amount of administrative or other costs incurred or likely to be incurred in relation to the allocation, assignment, lease or sale of a number or code. Last updated date 2.8.2012