Singapore legislation
Section 13C
Section 13C
Rail Infrastructure Fund
(1)
The Rail Infrastructure Fund is established consisting of —
all moneys from time to time appropriated from the Consolidated Fund or Development Fund and authorised to be paid into the Rail Infrastructure Fund by Supply law;
all moneys authorised by or under any other written law to be paid into the Rail Infrastructure Fund;
any gifts or donations made by any person for the purposes of the Rail Infrastructure Fund; and
all investments of moneys in the Rail Infrastructure Fund authorised to be made by this Act and the proceeds of any such investments, including the net income from those investments.
(2)
On 15 January 2019, the Government must pay into the Rail Infrastructure Fund such sum as the Minister for Finance may determine out of moneys to be provided by Parliament for the Rail Infrastructure Fund.
(3)
For the purposes of subsection (1)(d), the net income from investments is the amount ascertained by adding to, or deducting from, the income received from investments of moneys in the Rail Infrastructure Fund any gain derived or loss sustained, realised or unrealised (as the case may be) from those investments.
(4)
Upon the dissolution of the Rail Infrastructure Fund during any term of office of the Government (within the meaning of the Constitution), the balance then remaining in that Fund must be transferred to the Consolidated Fund and added to the reserves of the Government not accumulated by it during that term of office.