Singapore legislation

Section 46

of Government Technology Agency Act 2016

Section 46

Revenue and property of Agency

(1)

The funds and property of the Agency include —

(a)

all moneys paid to the Agency by way of grants, subsidies, donations, gifts and contributions for the purposes of the Agency;

(b)

all moneys paid to, and all other moneys and property lawfully received by, the Agency for the purposes of the Agency;

(c)

all fees, charges and other sums paid to the Agency (or an employee of the Agency or any other person acting on behalf of the Agency), under this Act or any other Act administered by the Agency, except as otherwise provided in section 47 or that other Act;

(d)

all moneys, dividends, royalties, interest or income received from any transaction made under the powers of the Agency under this Act or any other Act administered by the Agency;

(e)

all moneys borrowed by the Agency under this Act; and

(f)

all accumulations of income derived from any property or moneys referred to in paragraphs (a) to (e).

(2)

The moneys of the Agency are to be applied only in payment of expenses incurred by it in the discharge of its functions, obligations and liabilities, and in making any payment that the Agency is authorised or required to make.

Read in full context — Government Technology Agency Act 2016 →