Singapore legislation

Clause 6

of Government Securities Bill

Clause 6

Deficiencies in Government Securities Fund

Where the moneys in the Government Securities Fund are insufficient —

(a)

to repay any principal sum or interest payable on any Government securities issued or advance deposits accepted under this Act; or

(b)

to meet any other obligation arising from this Act or any other written law,at the time when they become due, the deficiency shall be charged upon and payable out of the Consolidated Fund.

Clause 6 — Government Securities Bill | laws.sg