Sentosa Development Corporation Act 1972 · 2020 Revised Edition · Part 5 · Resort Area
23. Establishment of maintenance fund for resort area
Feedback & supportThe Corporation must establish a maintenance fund for the purposes of managing and maintaining the resort area and of providing and maintaining the infrastructure and other facilities and services for the use of persons living and working in the resort area.
Corporation
“Corporation” means the Sentosa Development Corporation established under this Act;
The maintenance fund must be under the direction and control of the Corporation.
maintenance fund
“maintenance fund” means the maintenance fund established under section 23;
All moneys received by the Corporation by virtue of section 24 must be paid into the maintenance fund and all expenditure and other expenses incurred by the Corporation for managing and maintaining the resort area and for providing and maintaining the infrastructure and other facilities and services for persons living and working in the resort area must be charged to the maintenance fund.
resort area
“resort area” means all that part of Sentosa which is designated by the Corporation, from time to time by notice in the Gazette, as the resort area for the purposes of this Part.
All moneys in the maintenance fund that are not immediately required may be placed on time deposits with banks or invested in such securities as trustees may by written law be authorised to invest.
Nothing in this section is to be construed as imposing an obligation on the Corporation to maintain any immovable property in the resort area that is privately owned.[18E
immovable property
“immovable property” means any land, premises, building or tenement;