Singapore legislation

Clause 23

of Urban Redevelopment Authority Bill

Clause 23

Loans charged upon revenues of Authority

All loans raised by the Authority under section 22, together with all interest and other sums payable in respect thereof, shall be charged indifferently upon all the revenues of the Authority and shall rank equally with one another, with priority over any other charge on the revenues of the Authority.

Clause 23 — Urban Redevelopment Authority Bill | laws.sg