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← Singapore Land Authority Act 2001

Singapore Land Authority Act 2001 s 15

s 15 Application of moneys

15. The moneys of the Authority for any financial year must be applied in defraying the following charges:(a) the remuneration, fees and allowances of the members of the Authority; (b) the salaries, fees, remuneration, pensions, superannuation allowances and gratuities of the officers, agents, employees, advisers and former employees of the Authority; (c) working and establishment expenses and expenditure on, or provision for, the maintenance of any of the property of the Authority, and the discharge of the functions of the Authority properly chargeable to revenue account; (d) expenses incurred or incidental to the investment or management of the moneys or property of the Authority; (e) interest on any loan raised by the Authority; (f) sums required to be transferred to a sinking fund or otherwise set aside for the purpose of making provision for the repayment of borrowed money; (g) any sums that may be deemed appropriate to set aside in respect of depreciation or renewal of the property of the Authority, having regard to the amount set aside out of revenue under paragraphs (c) and (f); (h) the cost, or any portion of the cost, of any new works, plant, vessels or appliances not being a renewal of the property of the Authority, which the Authority may determine to charge to revenue; (i) any sums by way of contribution, for the purposes associated with the objects of this Act that the Authority may determine, to the public or for charities; and (j) any other expenditure authorised by the Authority and properly chargeable to revenue account.

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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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