Singapore legislation

Clause 12

of Land Transport Authority of Singapore Bill

Clause 12

Land Transport Revenue Account

(1)

The Authority shall establish, maintain and operate a Land Transport Revenue Account into which shall be paid —

(a)

all taxes, fees and charges specified in the Second Schedule;

(b)

all fees received by the Authority for services rendered by the Authority to any person, including any collection agency fee;

(c)

all moneys derived from the disposal, lease, or hire of, or any other dealing with, any property vested in or acquired by the Authority;

(d)

all income derived from the investment of moneys in the Account, including any gains made on the sale of any investment of money of the Account, and interest or gains thereon;

(e)

all moneys borrowed by the Authority under this Act; and

(f)

all other moneys lawfully received by the Authority for the purposes of the Authority.

(2)

The Land Transport Revenue Account shall be managed and administered by the Authority, subject to the directions of the Minister.

Read in full context — Land Transport Authority of Singapore Bill →