Singapore legislation

Clause 3

New section 7A

The principal Act is amended by inserting, immediately after section 7, the following section:“Nature Reserves Fund7A.—

(1)

There shall be established and maintained by the Board a fund to be called the Nature Reserves Fund (referred to in this section as the Fund) into which shall be paid all grants and donations to the Fund.(2) The Minister may from time to time make grants to the Fund of such sums as he may determine out of moneys to be provided by Parliament.(3) The Fund shall be vested in the Board which shall have power to manage and to expend the moneys in the Fund for the purposes of —

(a)

administering and maintaining the nature reserves;

(b)

providing facilities and services, and instruction and information to the public in relation to the nature reserves; and

(c)

encouraging the study of and research into matters relating to the fauna and flora of Singapore.(4) The Board may from time to time invest any money in the Fund in any of the securities in which trust funds may be invested under section 4 of the Trustees Act (Cap. 337).(5) All moneys in the Fund shall be deposited in a bank by the Board and all cheques drawn upon that bank account shall be signed by any two trustees of the Board.”.

Read in full context — Nature Reserves (Amendment) Bill →