Medical and Elderly Care Endowment Schemes Act 2000 · 2020 Revised Edition · Part 2 · Medifund Scheme
4. Capital moneys of Medifund
Feedback & supportFor the purposes of this Part, the Minister for Finance may, from time to time, pay into the Medifund such sums of capital money as the Minister may determine out of moneys to be provided by Parliament.
Medifund
“Medifund” means the Medical Endowment Fund established under the repealed Medical Endowment Scheme Act and reconstituted under this Act;
Despite the terms of any gift or bequest, all gifts and bequests given or made for the purposes of the Medifund must be paid into the Medifund as capital moneys.
The capital moneys of the Medifund must not be used for any purpose other than for investment.
Where at any time there is a permanent diminution of the capital moneys of the Medifund, the Minister must, before paying out the income of the Medifund, make good the diminution from that income.