My bookmarksSign up free
← Land Transport Authority of Singapore Act 1995

Land Transport Authority of Singapore Act 1995 s 13C

s 13C Rail Infrastructure Fund

13C. —(1) The Rail Infrastructure Fund is established consisting of — ( a ) all moneys from time to time appropriated from the Consolidated Fund or Development Fund and authorised to be paid into the Rail Infrastructure Fund by Supply law; ( b ) all moneys authorised by or under any other written law to be paid into the Rail Infrastructure Fund; ( c ) any gifts or donations made by any person for the purposes of the Rail Infrastructure Fund; and ( d ) all investments of moneys in the Rail Infrastructure Fund authorised to be made by this Act and the proceeds of any such investments, including the net income from those investments. [49/2018] (2) On 15 January 2019, the Government must pay into the Rail Infrastructure Fund such sum as the Minister for Finance may determine out of moneys to be provided by Parliament for the Rail Infrastructure Fund. [49/2018] (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 Rail Infrastructure Fund any gain derived or loss sustained, realised or unrealised (as the case may be) from those investments. [49/2018] (4) Upon the dissolution of the Rail Infrastructure Fund during any term of office of the Government (within the meaning of the Constitution), the balance then remaining in that Fund must be transferred to the Consolidated Fund and added to the reserves of the Government not accumulated by it during that term of office. [49/2018] —(1) The Rail Infrastructure Fund is established consisting of — ( a ) all moneys from time to time appropriated from the Consolidated Fund or Development Fund and authorised to be paid into the Rail Infrastructure Fund by Supply law; ( b ) all moneys authorised by or under any other written law to be paid into the Rail Infrastructure Fund; ( c ) any gifts or donations made by any person for the purposes of the Rail Infrastructure Fund; and ( d ) all investments of moneys in the Rail Infrastructure Fund authorised to be made by this Act and the proceeds of any such investments, including the net income from those investments. [49/2018] (2) On 15 January 2019, the Government must pay into the Rail Infrastructure Fund such sum as the Minister for Finance may determine out of moneys to be provided by Parliament for the Rail Infrastructure Fund. [49/2018] (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 Rail Infrastructure Fund any gain derived or loss sustained, realised or unrealised (as the case may be) from those investments. [49/2018] (4) Upon the dissolution of the Rail Infrastructure Fund during any term of office of the Government (within the meaning of the Constitution), the balance then remaining in that Fund must be transferred to the Consolidated Fund and added to the reserves of the Government not accumulated by it during that term of office. [49/2018]

Read this section in the full act → · Open PART 5 →

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.

The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.

What to look at next