12. Purposes of Fund

The moneys in the Fund shall only be withdrawn and applied to meet any one or more of the following purposes:

the payment of any award under the CONNECT Plan;

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; and

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