Singapore legislation

Clause 5

of Lifelong Learning Endowment Fund Bill

Clause 5

Objects and application of income of Endowment Fund

(1)

The objects for which the income of the Endowment Fund may be applied are —

(a)

the acquisition of skills and expertise by persons, and the development and upgrading of skills and expertise of persons, to enhance their employability; and

(b)

the promotion of the acquisition, development and upgrading of skills and expertise to enhance the employability of persons.

(2)

In carrying out the objects of the Endowment Fund, the Minister may, from time to time, authorise the income of the Fund to be paid out and expended for all or any of the following purposes:

(a)

the provision of financial assistance or incentives to persons to acquire, develop or upgrade, whether in Singapore or elsewhere, skills and expertise to enhance their employability;

(b)

the research or development, whether in Singapore or elsewhere, in or of learning methods and technology to enhance the acquisition, development or upgrading of such skills and expertise;

(c)

the promotion of the acquisition, development or upgrading of such skills and expertise;

(d)

the provision of financial assistance or incentives to persons to carry out, whether in Singapore or elsewhere, activities or programmes which are consistent with the objects of the Fund;

(e)

the establishment, expansion or maintenance of facilities, whether in Singapore or elsewhere, to be used for purposes consistent with the objects of the Fund; and

(f)

such other purposes consistent with the objects of the Fund, whether carried out in Singapore or elsewhere, as may be prescribed.

Read in full context — Lifelong Learning Endowment Fund Bill →