In force1988 Revised EditionCurrent version · 1988 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
26. Reserve funds
Feedback & support(1)
Any excess of revenue over operating expenses in any financial year may be applied by the Corporation to the creation of a general reserve and such other reserves as the Corporation may determine.
Corporation
Defined · s 2
“Corporation” means the Mass Rapid Transit Corporation established under section 3;
(2)
The Corporation may expend the sums credited to reserves created under subsection (1) in any way it thinks fit and consistent with this Act.[20