Singapore legislation
Section 4
Section 4
Capital money of Endowment Fund
(1)
The Minister for Finance may, from time to time, pay into the Endowment Fund any sums of capital money that 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 Endowment Fund must be paid into the Fund as capital money.
(3)
The capital money of the Endowment Fund must not be used for any purpose other than for investment.
(4)
Where at any time there is a permanent diminution of the capital money of the Endowment Fund, the Minister must, before paying out any income of the Fund, make good the diminution from the income of the Fund.