Education Endowment Scheme Bill
Table of Contents
Long Title
Enacting Formula
Part I PRELIMINARY
1 Short title and commencement
2 Interpretation
Part II EDUCATION ENDOWMENT SCHEME
3 Establishment of Edusave Endowment Fund
4 Capital money of Endowment Fund
5 Mode of payment out of Endowment Fund
6 Application of income of Endowment Fund
7 Establishment of Edusave Pupils Fund
8 Members of Edusave Pupils Fund
9 Contributions to be paid to eligible members
10 Advisory Council
11 Functions of Council
Part III WITHDRAWAL OF CONTRIBUTIONS
12 Conditions for withdrawal from Edusave Pupils Fund
13 Donation and transfer of member’s moneys in Edusave Pupils Fund
14 Withdrawals
15 Protection of benefits
16 Moneys payable on death of member
Part IV MISCELLANEOUS
17 Expenses
18 Financial year of Endowment Fund and Edusave Pupils Fund
19 Accounts to be kept
20 Appointment, powers and duties of auditor
21 Failure to furnish information to auditor
22 Presentation of financial statements, auditor’s report and annual report to Parliament
23 Offences
24 Regulations
Explanatory Statement
Expenditure of Public Money