Singapore legislation

Clause 44

Revenue and property of Agency

(1)

The funds and property of the Agency include —

(a)

all moneys paid to the Agency by way of grants, subsidies, donations, gifts and contributions for purposes of the Agency;

(b)

all moneys paid to, and all other moneys and property lawfully received by, the Agency for purposes of the Agency;

(c)

all fees and charges payable to the Agency under this Act or any other Act administered by the Agency;

(d)

all moneys, dividends, royalties, interest or income received from any transaction made pursuant to the powers conferred on the Agency under this Act or any other Act administered by the Agency;

(e)

all moneys borrowed by the Agency under this Act;

(f)

the Skills Development Fund; and

(g)

all accumulations of income derived from any property or money referred to in paragraphs (a) to (f).

(2)

The Skills Development Fund must be managed and administered by the Agency separately from the other funds and property of the Agency.

Read in full context — Skills Future Singapore Agency Bill →