Singapore legislation

Section 12

of Education Service Incentive Payment Act 2001

Section 12

Purposes of Fund

The moneys in the Fund may only be withdrawn and applied to meet any one or more of the following purposes:

(a)

the payment of any award under the CONNECT Plan;

(b)

all expenses incidental to or arising from the administration, investment and management of the Fund, including the cost of auditing the accounts of the Fund;

(c)

any other purposes related to aided schools or Government schools that may be prescribed by the Minister by notification in the Gazette.

Read in full context — Education Service Incentive Payment Act 2001 →