National Productivity Fund (Amendment) Bill

The National Productivity Fund (Amendment) Bill seeks to amend the National Productivity Fund Act 2010 to expand the purposes for which funds can be used. It clarifies that recovered moneys related to financing and incentives must be deposited into the Fund. The bill allows for grants to be provided directly or through intermediaries to support investments and economic activities in Singapore. It also enables the Board to request documents for verification during financing applications and criminalizes fraudulent claims for funding. Consequential amendments are made to the Second Schedule to reflect these changes.

National Productivity Fund (Amendment) Bill

Summary

Timeline

Bill introduced

First reading

Second reading

Select committee

Third reading

Voting

Bill passed

National Productivity Fund (Amendment) Bill

Summary

Timeline

Bill introduced

First reading

Second reading

Select committee

Third reading

Voting

Bill passed