Singapore legislation

Clause 14

of Financial Procedure (Amendment) Bill

Clause 14

Amendment of section 18

Section 18 of the principal Act is amended —

(a)

by deleting the words “Article 144, 145, 146 or 147” in the fifth line of paragraph (a) and substituting the words “Article 146, 147, 148, 148B or 148C”;

(b)

by deleting paragraph (b) and substituting the following paragraph:“(b)a full and particular statement of receipts and expenditure of moneys accounted for in the Consolidate Loan Account;”;

(c)

by deleting the word “and” at the end of paragraph (f); and

(d)

by deleting paragraph (g) and substituting the following paragraphs:“(g)so far as is practicable, a statement of outstanding guarantees and other financial liabilities of Singapore at the end of the financial year; and

(h)

such other statements as the Minister may think fit,and, after the accounts and statements referred to in this section have been audited, present to the President those audited accounts and statements together with another statement stating whether the audited accounts and statements referred to in this section show any drawing on or likelihood of drawing on the reserves of the Government which were not accumulated by the Government during its current term of office as defined in the Constitution.”.

Clause 14 — Financial Procedure (Amendment) Bill | laws.sg