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← Development Fund Act 1959

Development Fund Act 1959 s 2

s 2 Development Fund

2. There shall be in and for Singapore a Development Fund into which, subject to the provisions of any other written law, shall be paid —(a) all moneys from time to time appropriated and authorised to be paid into the Development Fund by this Act or by any other written law; (b) all sums representing the proceeds of any loan raised by Singapore for the purposes of the Development Fund and appropriated to such purposes by the law authorising the raising of the loan; (c) all loans or grants from time to time made to Singapore for the purposes of or properly allocable to the Development Fund; (d) all revenues of Singapore allocated to the Development Fund; (e) all interest on investments of moneys in the Development Fund authorised to be made by this Act or by any other written law, and all profits arising from the realisation of any such investments; and (f) all sums representing repayments of any loans made from the Development Fund, or payments of interest on such loans.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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