Singapore legislation
Section 4
Section 4
Purposes of Fund
(1)
The moneys in the Fund may be withdrawn and applied for all or any of the following purposes only:
to invest in, subscribe for or acquire any securities in any public authority, corporation or body corporate for any developmental purpose;
to form or to participate in the formation of any company for any developmental purpose;
to invest in any funds or property (whether within or outside Singapore) for any developmental purpose;
to pay any charges, fees or expenses incidental to or arising from carrying out any of the activities in paragraphs (a), (b) and (c);
to pay any expenses mentioned in section 7.
(2)
Section 7(3) of the Financial Procedure Act 1966 does not apply to the application of any moneys in the Fund in accordance with subsection (1)(a), (b) or (c).