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Development Fund (Amendment) Bill

Bill No. 24/2004

Read the first time on 19th May 2004.

An Act to amend the Development Fund Act (Chapter 80 of the 1995 Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:

Short title

1. This Act may be cited as the Development Fund (Amendment) Act 2004.

Amendment of Schedule

2. The Schedule to the Development Fund Act is amended by inserting, immediately after paragraph 7, the following paragraph:

“8. The payment of all costs, expenses and charges incurred on or after the date of commencement of the Development Fund (Amendment) Act 2004 in relation to the investment of moneys in the Development Fund, notwithstanding any other written law.”.