Singapore legislation

Clause 32

of Singapore Overseas Telecommunication Board Ordinance

Clause 32

Investment of funds

Any funds of the Board not immediately required to be expended in the meeting of any obligation or the discharge of any function of the Board may be invested from time to time in securities authorised for the investment of trust funds by any written law for the time being in operation.

Clause 32 — Singapore Overseas Telecommunication Board Ordinance