22. Power to borrow

For the discharge of its functions or duties under this Act or any other written law, the College may raise loans from the Government or, with the approval of the Minister for Finance, raise loans from banks or other financial institutions (whether in Singapore or elsewhere) by —

mortgage, overdraft or otherwise;

charge, whether legal or equitable, on any property vested in the College or on any other revenue receivable by the College under this Act or any other written law; or

the creation and issue of debentures or bonds.