Singapore legislation
Section 4
Section 4
Capital moneys of Medifund
(1)
For the purposes of this Part, the Minister for Finance may, from time to time, pay into the Medifund such sums of capital money as the Minister may determine out of moneys to be provided by Parliament.
(2)
Despite the terms of any gift or bequest, all gifts and bequests given or made for the purposes of the Medifund must be paid into the Medifund as capital moneys.
(3)
The capital moneys of the Medifund must not be used for any purpose other than for investment.
(4)
Where at any time there is a permanent diminution of the capital moneys of the Medifund, the Minister must, before paying out the income of the Medifund, make good the diminution from that income.