SEOUL METROPOLITAN GOVERNMENT ORDINANCE ON ESTABLISHMENT AND MANAGEMENT OF THE SOCIAL INVESTMENT FUND
- Enactment No. 5318, Jul. 30, 2012
- Partial Amendment No. 5728, Jul. 17, 2014
- Partial Amendment No. 5851, Apr. 02, 2015
- Partial Amendment No. 6331, Sep. 29, 2016
- Partial Amendment No. 6377, Jan. 05, 2017
- Partial Amendment No. 6576, Jul. 13, 2017
- Partial Amendment No. 6706, Jan. 04, 2018
- Partial Amendment No. 6964, Jan. 03, 2019
- Amendment of Other Laws No. 7044, Mar. 28, 2019
- Amendment of Other Laws No. 7423, Dec. 31, 2019
- Partial Amendment No. 7566, May. 19, 2020
- Amendment of Other Laws No. 7782, Dec. 31, 2020
- Amendment of Other Laws No. 8127, Sep. 30, 2021
- Partial Amendment No. 8210, Dec. 30, 2021
- Amendment of Other Laws No. 8235, Dec. 30, 2021
Article 1 (Purpose)
The purpose of this Ordinance is to prescribe matters necessary for establishment, administration and management of the Social Investment Fund of Seoul Metropolitan Government in order to secure financial resources required to enhance quality of life and welfare of the general public and to create decent jobs.
Article 2 (Definition)
The definition of terms used in this Ordinance shall be as below:
Article 3 (Fund-Raising)
(1) The Mayor shall establish and operate the social investment fund of Seoul Metropolitan Government (hereinafter referred to as "Fund") in order to secure and provide necessary funding to achieve the purposes of this Ordinance.
Article 4 (Use of Fund)
The Fund shall be used, within the jurisdiction of the City, to provide support to any of the following:
Article 5 (Public Officers in Charge of Fund Management)
(1) The Director General for Industry and Knowledge Economy shall be appointed as a management officer of the Fund, the Director in charge of management of the Fund shall be the sub-divisional management officer of the Fund and the Grade V officer in charge of management of the Fund shall be the accounting officer of the Fund: Provided, That, with respect to any causative acts underlying the expenditure of the Fund (including contract-related affairs) and any affairs concerning payment order, in order to increase transparency of the payment procedure of the Fund-related expenses, the public officer concerning the government office accounting who is prescribed in the Regulation on Finance and Accounting of Seoul Metropolitan Government shall handle the said affairs with his/her capacity as a public officer in charge of management of the Fund.
Article 6 (Establishment of Fund Management Committee)
In order to review the matters in each of the following subparagraphs concerning administration and management of the Fund, a social investment fund management committee of Seoul Metropolitan Government (hereinafter "Fund Management Committee") shall be established under the jurisdiction of the Mayor:
Article 7 (Staffing the Fund Management Committee)
(1) The Fund Management Committee shall be comprised of ten Committee members, including one chairperson.
Article 8 (Operation of the Fund Management Committee)
(1) The chairperson of the Fund Management Committee shall represent the committee and exercise overall control over the affairs of the Fund Management Committee.
Article 9 (Management of the Fund)
(1) In order to evaluate implementation and performance of Fund-related businesses, the Mayor may examine the status of fund management and request submission of relevant documents in accordance with Article 4.
Article 10 (Examination, etc. of Entrusted Affairs)
(1) The non-profit corporation or group entrusted with administration of the Fund pursuant to Article 9 shall, in each quarter, submit the matters concerning administration and management of the Fund to the Mayor.
Article 11 (Settlement and Reporting)
(1) In each fiscal year, the Mayor shall plan and prepare a fund management plan and prepare a settlement report of the Fund within 80 days after the accounting of the Fund is closed.
Article 12 (Term of the Fund)
The term of the Fund shall be until December 31, 2016.
ADDENDUM <Ordinance No. 5318, Jul. 30, 2012> |