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Developmental Investment Fund Bill/Clause 11

Singapore legislation

Clause 11

of Developmental Investment Fund Bill

Clause 11

Application of loan

Any moneys raised by way of loan under this Act are hereby appropriated first to the payment of expenses in connection with the raising of the loan and such moneys, less payment of those expenses, shall be paid into and applied for the purposes of the Fund.

Read in full context — Developmental Investment Fund Bill →
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