In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
National Research Fund Act 2006 · 2020 Revised Edition · Part 3 · Administration of Fund
11. Accounts to be kept
Feedback & support(1)
The Board must —
Board
Defined · s 2
“Board” means the National Research Foundation Board established under section 9;
(a)
cause to be kept proper accounts and records of all transactions and affairs relating to the Fund;
(b)
do all things necessary to ensure that payments out of the Fund are properly authorised and correctly made; and
(c)
ensure that adequate control is maintained over the assets and receipts of the Fund.
(2)
The Board must appoint a public officer to be an accounting officer of the Fund with responsibility for keeping proper accounts and records in relation to the Fund, and preparing and signing a statement of the Fund’s accounts in respect of each financial year.