Schedule 1

FIRST SCHEDULESection 16(1)Powers of the Authority

1. With the approval of the Minister, to carry out or assist in carrying out any project in connection with urban redevelopment.

2. With the written approval of the Minister, to grant loans or advances to a company or corporation carrying on or intending to carry on urban redevelopment in Singapore or having one or more of its objects connected with or related to one or more of the functions or duties imposed on the Authority under this Act.

3. To manage, control or supervise such company or corporation by nominating directors or advisers or otherwise collaborating with them or entering into partnerships or any other arrangement for jointly working with them.

4. With the written approval of the Minister, to establish and manage such company or corporation.

5. To enter into any joint venture or arrangement with the Government for the sharing of profits or otherwise for the purposes of this Act.

6. With the written approval of the Minister, to subscribe to stocks, shares, bonds or debentures of a company or corporation.

7. To acquire, hire, procure, construct, erect, manufacture, provide, operate, maintain or repair anything, whether movable or immovable, required by the Authority for the purposes of this Act.

8. To enter into contracts, covenants, bonds, deeds or agreements or prepare documents of every kind for the purposes of this Act.

9. Subject to rules which may be made by the Minister under this Act, to impose such charges or fees as the Authority may determine for the provision of accommodation, services or works, or the use of buildings, recreational grounds, equipment, amenities or facilities provided, maintained, controlled or operated by the Authority.

10. To do anything for the purpose of advancing the skill of persons employed by the Authority, or of the efficiency of the equipment of the Authority, or of the manner in which that equipment is operated, including the provision by the Authority and the assistance of the provision by orders or facilities for training, education and research.

11. To provide houses, hostels and other like accommodation, including convalescent or holiday houses, club houses and playing fields, for persons employed by the Authority.

12. To make or guarantee loans to any person employed by the Authority for the purpose of purchasing a vehicle, building a house, purchasing a plot of land on which to build a house or purchasing a house for the use of that person or for the residential use of his family.

13. To award scholarships or to give loans to persons employed by the Authority for purposes specifically approved by the Authority as likely to increase the efficiency of such persons in their services to the Authority, or otherwise for the purposes of the functions of the Authority.