National Council of Social Service Act 1992 · 2020 Revised Edition · Part 6 · Financial Provisions
25. Funds and property of Council
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The funds and property of the Council include —
Council
“Council” means the National Council of Social Service established under section 3;
all moneys paid to the Council by way of grants, subsidies, donations, gifts and contributions for the purposes of the Council;
all moneys paid to, and all other moneys and property lawfully received by, the Council for the purposes of the Council;
all fees, charges and other sums paid to the Council under this Act or any other Act administered by the Council, except as otherwise provided in this Act or that other Act;
all moneys, dividends, royalties, interest or income received from any transaction made under the powers of the Council under this Act or any other Act administered by the Council;
all moneys borrowed by the Council under this Act; and
all accumulations of income derived from any property or moneys referred to in paragraphs (a) to (e).
To avoid doubt, the funds and property of the Council include the funds in the Endowment Fund.
Endowment Fund
“Endowment Fund” means the Endowment Fund established under section 12(1);
The moneys of the Council are to be applied only in payment of expenses incurred by it in the discharge of its functions, obligations and liabilities, and in making any payment that the Council is authorised or required to make.