Singapore legislation
Regulation 30
Regulation 30
Declaration of assets, etc.
If the manager of an aided school gives notice of the closure of the school under regulation 28 or closes the school without giving such notice, the manager —
(a)
must forthwith declare all the assets of the school; and
(b)
must not dispose of the assets without the concurrence of the Permanent Secretary,and the Permanent Secretary may take such steps as the Permanent Secretary thinks fit to recover all or any part of the capital aid expended on the aided school.