Singapore legislation

Clause 9

of Pioneer Generation Fund Bill

Clause 9

Accounts

(1)

The Minister is to designate one or more public officers to be accounting officers of the Fund.

(2)

Every accounting officer of the Fund must —

(a)

cause to be kept proper accounts and records of all transactions and affairs relating to the Fund, or the transactions and affairs of the part of the Fund that the accounting officer is in charge of, as the case may be;

(b)

do all things necessary to ensure that payments out of the Fund and the disbursement of those funds are properly authorised and correctly made; and

(c)

ensure that adequate control is maintained over the assets and receipts of the Fund, or the assets and receipts of the part of the Fund that the accounting officer is in charge of, as the case may be.

(3)

A public officer designated under subsection (1) is also an accounting officer of the Fund for the purposes of the Financial Procedure Act (Cap. 109).

Read in full context — Pioneer Generation Fund Bill →