Singapore legislation
Clause 2
Clause 2
Amendment of Development Fund Act
The Schedule to the Development Fund Act (Cap. 80, 1995 Ed.) is amended by inserting, immediately after paragraph 6, the following paragraph:“7.—
(1)
Capital contribution for investment by way of capital injection in any statutory corporation on such terms and conditions as the Minister for Finance may, after consultation with the Minister in charge of the statutory corporation, determine or as prescribed by any written law.(2) In sub-paragraph (1), “capital contribution” and “statutory corporation” have the same meanings as in section 7A of the Financial Procedure Act (Cap. 109).”.