Singapore legislation
Clause 5
Clause 5
Capital moneys of ComCare Fund
(1)
As from the appointed day, such sum as the Minister for Finance may determine out of moneys to be provided by Parliament shall be paid into the ComCare Fund as capital moneys.
(2)
The Minister for Finance may, from time to time, after the appointed day pay into the ComCare Fund such sums of capital moneys as he may determine out of moneys to be provided by Parliament.
(3)
Notwithstanding the terms of any gift or bequest, all gifts and bequests given or made for the purposes of the ComCare Fund shall be paid into the Fund as capital moneys.
(4)
The capital moneys of the ComCare Fund shall not be used for any purpose other than for investment.
(5)
Where at any time there is a permanent diminution of the capital moneys of the ComCare Fund, the Minister shall, before paying out any income of the Fund, make good such diminution from the income of the Fund.