Singapore legislation

Clause 18

of Medical and Elderly Care Endowment Schemes Bill

Clause 18

Establishment of ElderCare Fund

(1)

There shall be established a fund to be called the ElderCare Fund into which shall be paid —

(a)

all capital moneys as are appropriated from time to time from the Consolidated Fund and authorised to be paid into the ElderCare Fund by this Act or any other written law;

(b)

gifts or bequests given or made for the purpose of the ElderCare Fund; and

(c)

the net income from investments of capital moneys in the ElderCare Fund.

(2)

The ElderCare Fund shall be regarded as a Government fund and as comprising public moneys for the purposes of any other written law.

Read in full context — Medical and Elderly Care Endowment Schemes Bill →