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← SkillsFuture Singapore Agency Act 2016

SkillsFuture Singapore Agency Act 2016 s 44

s 44 Revenue and property of Agency

44.—(1) The funds and property of the Agency include —(a) all moneys paid to the Agency by way of grants, subsidies, donations, gifts and contributions for purposes of the Agency; (b) all moneys paid to, and all other moneys and property lawfully received by, the Agency for purposes of the Agency; (ba) all moneys recovered by the Agency pursuant to an order of a court under section 57D or 58, that relate to the whole or the proportion of an incentive, a grant or a loan out of moneys not in the Skills Development Fund;[Act 3 of 2023 wef 15/06/2023] (c) all fees and charges payable to the Agency under this Act or any other Act administered by the Agency; (d) all moneys, dividends, royalties, interest or income received from any transaction made pursuant to the powers conferred on the Agency under this Act or any other Act administered by the Agency; (e) all moneys borrowed by the Agency under this Act; (f) the Skills Development Fund; and (g) all accumulations of income derived from any property or money mentioned in paragraphs (a) to (f). (2) The Skills Development Fund must be managed and administered by the Agency separately from the other funds and property of the Agency.

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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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