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← Developmental Investment Fund Act 2000

Developmental Investment Fund Act 2000 s 3

s 3 Establishment of Developmental Investment Fund

3.—(1) A fund called the Developmental Investment Fund is established, into which must be paid —(a) all moneys from time to time appropriated from the Consolidated Fund and authorised to be paid into the Fund by this Act or any other written law; (b) [Deleted by Act 35 of 2021 wef 31/01/2022] (c) all other revenues of Singapore allocated by any written law to the Fund; and (d) the net income from investments of moneys in the Fund authorised to be made by this Act or any other written law. (2) The Fund must be regarded as a Government fund and as comprising public moneys for the purposes of any other written law. (3) For the purposes of subsection (1)(d), the net income from investments is the amount ascertained by adding to, or deducting from, the income received from investments of moneys in the Fund any profit derived or loss sustained (as the case may be) from the realisation of those investments.

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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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