Singapore legislation

Section 21

of National Productivity Board Act

Section 21

Funds and property of Board

(1)

The funds and property of the Board shall consist of —

(a)

any money appropriated by Parliament for the purposes of the Board;

(b)

all money paid to the Board for the purposes of the Board;

(c)

all money paid to the Board by way of grants, subsidies, donations, gifts, fees, charges, rents, interest and royalties;

(d)

all money derived from the sale of any property belonging to or held by or on behalf of the Board;

(e)

all money derived by the Board from the sale of publications;

(f)

all money received by the Board for services rendered by it or by any practice or process developed by it;

(g)

all other money and property lawfully received by the Board for the purposes of the Board; and

(h)

all accumulations of income derived from any such property or money.

(2)

Subject to the terms of any trust or endowment, any money belonging to the Board and available for investment may be invested in accordance with any written law for the time being in force regulating the investment of trust funds.[18

Read in full context — National Productivity Board Act →