Public Transport Fund
11A.—(1)  There is established a Government fund called the Public Transport Fund comprising —
(a)all moneys from time to time appropriated from the Consolidated Fund and authorised to be paid into the Public Transport Fund by any written law;
(b)all contributions made pursuant to the Council’s direction under section 24AC(1), and any other donations made by any person for the purposes of the Fund;
(c)all financial penalties imposed, on or after the date of commencement of section 11 of the Public Transport Council (Amendment) Act 2015, by the LTA —
(i)under the Bus Services Industry Act 2015 on a public bus operator for a breach of a condition in the bus service licence; or
(ii)under the Rapid Transit Systems Act (Cap. 263A) on a licensed rapid transit system operator for a breach of a condition in the rapid transit system operator’s licence; and
(d)all investments out of moneys in the Public Transport Fund authorised to be made by this Act and the proceeds of any such investment, including the net income from such investments.
(2)  Upon the commencement of section 11 of the Public Transport Council (Amendment) Act 2015, the Government must pay into the Public Transport Fund such sum as the Minister for Finance may determine out of moneys to be provided by Parliament for the Public Transport Fund.
(3)  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 Public Transport Fund, any profit derived or loss sustained, as the case may be, from the realisation of such investments.
[Act 31 of 2015 wef 01/04/2016]