Singapore legislation
Clause 8
Clause 8
Provision of funds
(1)
The Minister shall pay to the university company such moneys as may be provided by Parliament, from time to time, for the funding of the university company.
(2)
All moneys paid to the university company under subsection (1) shall only be applied or expended by the university company for such of the objects provided by its constituent documents as the Minister may allow.