Singapore legislation

Section 4

of Medical Endowment Scheme Act

Section 4

Capital money of Medifund

(1)

Upon the commencement of this Act, the Government shall pay into the Medifund as capital money such sum as the Minister for Finance may determine out of moneys to be provided by Parliament.

(2)

For the purposes of this Act, the Minister for Finance may from time to time pay into the Medifund such sums of capital money as he may determine out of moneys to be provided by Parliament.

(3)

The capital money of the Medifund shall not be used for any purposes other than for investment.

(4)

Where at any time there is a permanent diminution of the capital money of the Medifund, the Minister shall, before paying out the income of the Medifund, make good such diminution from the income of the Medifund.