219k views
3 votes
Section 93(1) of RESA outlines the purposes of the Foundation as being:

User Zira
by
8.1k points

1 Answer

3 votes

Final answer:

Section 93(1) of RESA concerns the legal guidelines for a Foundation to secure funding aimed at benefiting the community. These funds are then allocated to government agencies that provide relevant services to the public within the specified areas.

Step-by-step explanation:

The question refers to Section 93(1) of the Real Estate Services Act (RESA), which is a legal provision detailing the objectives of a specific Foundation within the context of real estate legislation. The main purpose, as described, is to secure funding for activities that serve the community's interest in the geographic area that the entity represents. After the Foundation secures these funds, various government agencies receive this funding to deliver services that benefit the public in accordance with the outlined objectives.

By understanding how these financial resources are allocated and used, one can appreciate the critical role of governance in ensuring public funds are channeled towards initiatives that enhance community welfare and service provision. It turns abstract legal language into practical outcomes for the inhabitants of the regions served by the Foundation and its auxiliary government agencies.

User Saikat Saha
by
8.0k points

Related questions

1 answer
2 votes
39.4k views
asked Dec 3, 2024 147k views
Nick Gunn asked Dec 3, 2024
by Nick Gunn
8.6k points
1 answer
2 votes
147k views
asked May 16, 2024 62.4k views
Benny Wong asked May 16, 2024
by Benny Wong
7.5k points
1 answer
5 votes
62.4k views