Lifelong Learning Endowment Fund Bill

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1 Short title and commencement

3 Establishment of Lifelong Learning Endowment Fund

4 Capital money of Endowment Fund

5 Objects and application of income of Endowment Fund

8 Financial year of Endowment Fund

10 No payment unless authorised by Minister

11 Appointment, powers and duties of auditor

12 Failure to furnish information to auditor

13 Presentation of annual report, financial statements and auditor’s report to Parliament

14 Making of false statement, etc.

15 Offences by body corporate, etc.

16 Composition of offences

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Lifelong Learning Endowment Fund Bill

Bill No. 37/2000

Read the first time on 22nd November 2000.

An Act to provide for the establishment of a Lifelong Learning Endowment Fund and for purposes connected therewith.

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

PART I

PRELIMINARY

Short title and commencement

1. This Act may be cited as the Lifelong Learning Endowment Fund Act 2000 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.

Interpretation

2. In this Act, unless the context otherwise requires —

“Council” means the Advisory Council established under section 6;

“Endowment Fund” means the Lifelong Learning Endowment Fund established under section 3.