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← Development Fund Act 1959

Development Fund Act 1959 s 6

s 6 Contingencies Fund

6.—(1) A Contingencies Fund is hereby created consisting of moneys from time to time appropriated thereto from the Development Fund. (2) The Minister may, if he is satisfied that there has arisen an urgent and unforeseen need for expenditure for which no other provision exists and for which funds cannot be provided under section 4(2), and if the President, acting in his discretion, concurs with the making of an advance for such need, make advances from the Contingencies Fund to meet such need.[Act 3 of 2024 wef 26/02/2024] (2A) An advance under subsection (2) must be authorised by a warrant issued under the authority of the Minister.[Act 19 of 2025 wef 05/12/2025] (3) Where any advance is made by virtue of the authority conferred under subsections (2) and (2A), a supplementary estimate of the sum required to replace the amount so advanced shall, as soon as practicable, be presented to and voted on by Parliament and the sum shall be included in a Supplementary Supply or Final Supply law.[Act 19 of 2025 wef 05/12/2025]

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

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