Singapore legislation

Section 24

of Financial Procedure Act

Section 24

Regulations

Amended by25/91

(1)

The Minister may make regulations, to be called Financial Regulations, not inconsistent with the provisions of this Act, for carrying out the provisions of this Act and, in particular, such regulations may provide for —

(a)

the collection, receipt, custody, issue, expenditure, due accounting for, care and management of all public moneys and the guidance of all persons concerned therein;

(b)

the more effectual record, examination, inspection and departmental check of all receipts and expenditure and the keeping of all necessary records and accounts;

(c)

the forms for all records and documents whatever required under the provisions of this Act or the regulations made thereunder;

(d)

the purchase, safe custody, issue, sale or other disposal or writing-off of public stores and other property of Singapore, and the proper accounting for, and stocktaking of, such stores and property;

(e)

the preparation of estimates of revenue and expenditure;

(f)

the authorisation of rates of payment of public funds for specific purposes where such rates of payment are not provided by law; and

(g)

the making of advances to public officers and other persons and the rates and limits of such advances and the rates of interest thereon.

Amended by25/91

(2)

All such regulations shall be presented to Parliament as soon as possible after publication in the Gazette.