Section 3
Establishment of Community Care Endowment Fund
of Community Care Endowment Fund Act 2005
(1)
A fund called the Community Care Endowment Fund is established into which must be paid —
all capital moneys as are appropriated from time to time from the Consolidated Fund and authorised to be paid into the ComCare Fund by this Act or any other written law;
all gifts or bequests given or made for the purposes of the ComCare Fund; and
the net income from investments of capital moneys in the ComCare Fund.
(2)
The ComCare Fund must be regarded as a Government fund and as comprising public moneys for the purposes of any other written law.
(3)
For the purposes of subsection (1)(c), the net income from investments of capital moneys is the amount ascertained by adding to, or deducting from, the income received from the investments of capital moneys any profit derived or loss sustained (as the case may be) from the realisation of such investments.