s 3 Reconstitution of Medical Endowment Fund
3.—(1) For the purposes of this Part, the Medical Endowment Fund or Medifund continues and is reconstituted in accordance with this Act. (2) There must be paid into the Medifund —(a) all capital moneys as are appropriated from time to time from the Consolidated Fund and authorised to be paid into the Medifund by this Act or any other written law; (b) gifts or bequests given or made for the purposes of Medifund; and (c) the net income from investments of capital moneys in the Medifund. (3) The Minister is responsible for the administration of the Medifund, and all moneys belonging to the Medifund may be deposited in any bank and invested in any investment authorised under the Financial Procedure Act 1966. (4) The Medifund must be regarded as a Government fund and as comprising public moneys for the purposes of any written law.