Singapore legislation
Clause 12
Clause 12
Purposes of Fund
The moneys in the Fund shall only be withdrawn and applied to meet any one or more of the following purposes:
(a)
the payment of any award under the CONNECT Plan;
(b)
all expenses incidental to or arising from the administration, investment and management of the Fund, including the cost of auditing the accounts of the Fund; and
(c)
such other purposes related to aided schools or Government schools as may be prescribed by the Minister by notification in the Gazette.