Singapore legislation
Section 3
Section 3
Government Securities Fund
(1)
A Government Securities Fund is established into which must be paid —
(a)
all sums representing the proceeds of loans raised or advance deposits accepted under this Act;
(b)
all sums representing the proceeds of loans raised under the Local Treasury Bills Act 1923 on or after 1 April 1996;
(c)
all moneys from time to time authorised to be paid into the Government Securities Fund by this Act or any other written law; and
(d)
all income from the investment of moneys in the Government Securities Fund authorised to be made by this Act, and all profits arising from the realisation of any such investments.
(2)
The Government Securities Fund is deemed to be a Government fund for the purposes of any written law.