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← Development Fund Act 1959

Development Fund Act 1959 s 5

s 5 Nationally significant infrastructure expenditure

5.—(1) All sums borrowed under the Significant Infrastructure Government Loan Act 2021 and which are paid into the Development Fund may be applied only to meet nationally significant infrastructure expenditure within the meaning of section 11 of that Act.[15/2021] (2) To avoid doubt, subsection (1) does not prevent authorising the issue of any sum from the Development Fund and applying the money to meet an estimate of any nationally significant infrastructure expenditure within the meaning of section 11 of the Significant Infrastructure Government Loan Act 2021 on a provisional basis.[15/2021]

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

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