Singapore legislation

Clause 4

of Urban Redevelopment Authority (Amendment) Bill

Clause 4

Repeal and re-enactment of section 27

Section 27 of the principal Act is repealed and the following section substituted therefor:“Investment

27. The Authority may, with the approval of the Minister —

(a)

invest its funds in such manner as it thinks fit; and

(b)

engage in any financial activity or participate in any financial arrangement for the purpose of managing or hedging against any financial risk that arises or is likely to arise from such investment.”.

Read in full context — Urban Redevelopment Authority (Amendment) Bill →