Singapore legislation

Section 23

Establishment of National Library Board Endowment Fund

There shall be established a fund to be known as the National Library Board Endowment Fund which shall vest in the Board and consist of —

(a)

all moneys received by the Board by gifts, bequests or otherwise for the Fund;

(b)

such contributions to the Fund as the Minister may specify from moneys provided by Parliament; and

(c)

such other moneys as the Board may decide to transfer to the Fund.

The income of the Fund shall be applied for all or any of the following purposes:

(a)

the provision of training programmes and scholarships for librarians and persons working in libraries;

(b)

the delivery of lectures by distinguished persons in the field of library and information science;

(c)

the sponsorship of major library promotional programmes;

(d)

the financing of research on reading and librarianship;

(e)

such other purposes consistent with this Act as the Board may decide.