Singapore legislation
Section 9
Section 9
Accounts
(1)
The Minister must designate —
one or more public officers to be accounting officers of the Pioneer Generation Fund; and
one or more public officers to be accounting officers of the Merdeka Generation Fund.
(2)
Every accounting officer of the Pioneer Generation Fund or the Merdeka Generation Fund must —
cause to be kept proper accounts and records of all transactions and affairs relating to that Fund, or the transactions and affairs of the part of that Fund that the accounting officer is in charge of, as the case may be;
do all things necessary to ensure that payments out of that Fund and the disbursement of those funds are properly authorised and correctly made; and
ensure that adequate control is maintained over the assets and receipts of that Fund, or the assets and receipts of the part of that Fund that the accounting officer is in charge of, as the case may be.
(3)
A public officer designated under subsection (1) is also an accounting officer of the Pioneer Generation Fund or the Merdeka Generation Fund (as the case may be) for the purposes of the Financial Procedure Act 1966.