s 6 Establishment and constitution of Education Finance Board
6.—(1) A Board to be called the Education Finance Board (referred to in this Act as the Finance Board) shall be constituted in Singapore. (2) The Finance Board shall consist of —(a) the Director-General as Chairman; (b) the Permanent Secretary of the Ministry of Finance or his representative; and (c) four persons, not being persons holding office of emolument under the Government or Members of Parliament, to be nominated by such educational institutions, organisations or associations as may be approved by the Minister for that purpose and to be appointed by the Minister.[8/97] (3) The quorum of the Finance Board shall be 3. (4) The Minister may appoint a secretary to the Finance Board. (5) Every member appointed by the Minister shall unless the Minister otherwise directs hold office for a period of 3 years from the date of his appointment:Provided that the Minister may at any time revoke any such appointment. (6) On the expiry of the period of office of any member appointed by the Minister, the Minister may reappoint the member for a further period of office. (7) On the death, bankruptcy, inability to act, resignation, absence from Singapore for more than 3 months or revocation of the appointment, of any member of the Finance Board appointed by the Minister, he shall forthwith cease to be a member of the Finance Board and a new member shall be appointed in accordance with subsection (2). (8) No act or proceedings of the Finance Board shall be questioned on account of any vacancy on it. (9) The Finance Board shall meet when so required by the Minister and subject to the provisions of this Act may regulate its own procedure.