← Medical and Elderly Care Endowment Schemes Act 2000

Medical and Elderly Care Endowment Schemes Act 2000 s 10

s 10 Medifund Account

10.—(1) Every Medifund committee which receives a grant under section 5 must establish and maintain an account to be called a Medifund Account with a bank in Singapore. (2) The Medifund committee must pay into the Medifund Account all moneys received as a grant under section 5 and any interest accruing on the moneys must be paid into and form part of the moneys in the Medifund Account.

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