Education Endowment Scheme (Amendment) Bill

Bill No. 18/2006

Read the first time on 8th November 2006.
An Act to amend the Education Endowment Scheme Act (Chapter 87A of the 1993 Revised Edition).
Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:
Short title and commencement
1.  This Act may be cited as the Education Endowment Scheme (Amendment) Act 2006 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
Amendment of section 6
2.  Section 6 of the Education Endowment Scheme Act is amended by deleting subsection (2) and substituting the following subsection:
(2)  For the purpose of providing additional income to the Endowment Fund, the Minister for Finance may, from time to time, pay to that Fund such sum of money as may be provided by Parliament, and such sum of money shall not be regarded as forming any part of the capital money of that Fund.”.