Skip to content

Part 2 · Establishment and Regulationof Government Securities Fund

3. Government Securities Fund

Feedback & support
Amended

Last amended by an amending law of 2022. 2 amendments in all.

(1)

A Government Securities Fund is established into which must be paid —

(a)

all sums representing the proceeds of loans raised or advance deposits accepted under this Act;

(b)

all sums representing the proceeds of loans raised on or after 1 April 1996 under the repealed 1923 Act;

(ba)

all foreign reserve assets received by the Government from the Authority in exchange for RMGS issued to the Authority, all income from these foreign reserve assets and all proceeds realised from the disposition of any of the foreign reserve assets;

(c)

all moneys from time to time authorised to be paid into the Government Securities Fund by this Act or any other written law; and

(d)

all income from the investment of moneys in the Government Securities Fund authorised to be made by this Act, and all profits arising from the realisation of any such investments.

(2)

The Government Securities Fund is deemed to be a Government fund for the purposes of any written law.

Report

Part 3

Authorisation of Borrowing Andapplication of Proceeds

Part 3A

Reserves Management Government Securities

Part 4

Part 5

Book‑Entry Government Securities and Treasury Bills

Part 6

Provisions Relating to Interest Paymentson and Redemption of Governmentsecurities

Part 7

Advance Deposits

Part 7A

Primary Dealers

Part 8

General