Section 4
Establishment of COVID-19 Fund
of Temporary Measures for Government Financing (Coronavirus Disease 2019 (COVID-19)) Act 2020
ActIn forceProvision 4 of 8
Section 4
(1)
A fund to be known as the COVID-19 Fund is established and shall be specified in and incorporated into the Second Schedule to the
Financial Procedure Act 1957 [Act 61].
Temporary Measures for Government Financing
(Coronavirus Disease 2019 (COVID-19))
(2)
Notwithstanding subsection 5(1) of the Loan (Local) Act 1959
and section 4 of the Government Funding Act 1983, any sum raised under subsection 3(1) of the Loan (Local) Act 1959 and any money received under subsection 3(1) of the Government Funding Act 1983
may be paid into the COVID-19 Fund for the purposes of its application under section 5.