Singapore legislation
Clause 42
Clause 42
Financial Rules
The Minister may make rules to be called Financial Rules, not inconsistent with the provisions of this Act, for carrying out the provisions of this or any other Act by a Town Council and, in particular, such rules may provide for —
the collection, receipt, custody, issue, expenditure, due accounting for, care and management of all moneys of a Town Council and the guidance of all persons concerned therein;
the more effectual record, examination, inspection and check of all receipts and expenditure and the keeping of all necessary books and accounts;
the forms for all books and documents whatever required under the provisions of this Act or the rules made thereunder;
the purchase, safe custody, issue, sale or other disposal or writing-off of stores and other property of a Town Council, and the proper accounting for, and stocktaking of, such stores and property;
the preparation of estimates of revenue and expenditure; and
the making of advances to officers of a Town Council and other persons and the rates and limits of such advances and the rates of interest thereon.