Section 11
Hospital Medifund Account
of Medical Endowment Scheme Act
ActIn forceProvision 11 of 27
Section 11
(1)
Every approved hospital which has received a grant under section 5 shall establish and maintain an account to be called a Hospital Medifund Account with a bank in Singapore.
(2)
An approved hospital shall pay into the Hospital Medifund Account all moneys received as a grant under section 5 and any interest accruing thereon shall be paid into and form part of the moneys in the Hospital Medifund Account.