Section 5
Application of COVID-19 Fund
of Temporary Measures for Government Financing (Coronavirus Disease 2019 (COVID-19)) Act 2020
The moneys in the COVID-19 Fund shall be applied and appropriated for the purposes of the programmes under the economic stimulus packages and economic recovery plans specified in column (1) of the Schedule in the amount specified in column (2).
(2)
Notwithstanding subsection (1), the Minister may, if he thinks necessary
(a)
limit or suspend the amount to be applied and appropriated for the purposes of any programme; or
(b)
direct any sum appropriated for a programme to be appropriated in aid of any other programme for which the sum appropriated may be deficient a further amount out of any surplus from the first mentioned programme.
(3)
The Minister shall ensure that the application and appropriation of the moneys in the COVID-19 Fund are utilised only for the programmes specified in column (1) of the Schedule, taking into account anything done under subsection (2), and does not exceed the total amount allocated for such programmes.
Sums paid, applied and appropriated from 27 February 2020 until date of publication of Act deemed valid