In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Education Service Incentive Payment Act 2001 · 2020 Revised Edition · Part 3 · Connect Fund
12. Purposes of Fund
Feedback & supportThe moneys in the Fund may only be withdrawn and applied to meet any one or more of the following purposes: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;
CONNECT Plan
Defined · s 2
“CONNECT Plan” means the CONNECT Plan established by regulations made under section 3;
(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.