Singapore legislation
Regulation 12
Regulation 12
Management of Fund
Subregulation 1
The Fund shall, subject to the direction and control of the Minister, be managed and administered by a Committee of Management consisting of —
the Accountant-General, as Chairman;
one member, who shall be an officer in the service of the Housing and Development Board;
one member, who shall be an officer in the service of the Public Utilities Board; and
one member, who shall be a public officer in the Ministry of Finance, and who shall be the Secretary.
Subregulation 2
The members of the Committee of Management under paragraphs (1)(b), (c) and (d) shall be appointed by the Minister upon the nomination of the Chairman of the Housing and Development Board, the Chairman of the Public Utilities Board and the Permanent Secretary to the Ministry of Finance, respectively.