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← International Development Association Act 2002

International Development Association Act 2002 s 4

s 4 Financial provision for membership subscriptions

4.—(1) Subject to subsection (2), all sums necessary for the purpose of making all payments of subscriptions on behalf of the Government required to be made to the Association under the Agreement and the membership resolution are charged on and must be paid out of the Consolidated Fund.[10/2004] [Act 34 of 2022 wef 23/12/2022] (2) Subject to subsection (3), the total subscription to the Association must not exceed the sum of one million United States dollars unless increased with the approval of Parliament signified by resolution.[Act 34 of 2022 wef 23/12/2022] (3) Any additional subscription made on any occasion on behalf of the Government to the Association by reason of Singapore’s membership of the Association under the Agreement and the membership resolution must be authorised by, and must not exceed the maximum amount specified in, a resolution of Parliament for that occasion.[Act 34 of 2022 wef 23/12/2022] [Act 34 of 2022 wef 23/12/2022]

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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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