s 4 Establishment of Pioneer Generation Fund and Merdeka Generation Fund
4.—(1) There are established 2 Government funds called the Pioneer Generation Fund and the Merdeka Generation Fund, respectively, comprising —(a) all moneys from time to time appropriated from the Consolidated Fund and authorised to be paid into the Pioneer Generation Fund or the Merdeka Generation Fund (as the case may be) by any written law; (b) all other revenues of Singapore allocated by any written law to the Pioneer Generation Fund or the Merdeka Generation Fund, as the case may be; (c) all gifts and donations given or made by any person to the Government for the purposes of the Pioneer Generation Fund or the Merdeka Generation Fund, as the case may be; and (d) all investments out of moneys in the Pioneer Generation Fund or the Merdeka Generation Fund (as the case may be) authorised to be made by any written law and the proceeds of any such investment, including the net income from such investments.[16/2019] (2) 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 Pioneer Generation Fund or the Merdeka Generation Fund (as the case may be) any profit derived or loss sustained (as the case may be) from the realisation of such investments.[16/2019] (3) The Pioneer Generation Fund and the Merdeka Generation Fund are each to be regarded as comprising public moneys for the purposes of any other written law, and the Financial Procedure Act 1966 applies to the Pioneer Generation Fund or the Merdeka Generation Fund (as the case may be) to the extent that it is not inconsistent with any of the provisions of this Act.[16/2019]