In force1994 Revised EditionCurrent version · 1994 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
3. Establishment of Medical Endowment Fund
Feedback & support(1)
For the purposes of this Act, there shall be established a fund to be called the Medical Endowment Fund into which shall be paid all capital money provided by Parliament pursuant to this Act and all income of that Fund and out of which shall be met all payments authorised to be paid under this Act.
(2)
The Minister shall be responsible for the administration of the Medifund and all moneys belonging to the Medifund may be deposited in any bank and invested in any investment authorised under the Financial Procedure Act [Cap. 109].
Medifund
Defined · s 2
“Medifund” means the Medical Endowment Fund established under section 3(1).
(3)
The Medifund shall be deemed to be a Government fund for the purposes of any written law.