In force1985 Revised EditionCurrent version · 1985 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
18. Bank accounts and application of moneys
Feedback & support(1)
The Board shall open and maintain an account or accounts with such bank or banks as the Board thinks fit; and every such account shall be operated upon by cheque signed by such person or persons as may from time to time be authorised in that behalf by the Board.
Board
Defined · s 2
“Board” means the Construction Industry Development Board established by section 3;
(2)
The moneys of the Board shall be applied only in payment or discharge of the expenses, obligations and liabilities of the Board and in making any payments that the Board is authorised or required to make.
(3)
Moneys belonging to the Board may from time to time be invested in securities in which trust funds may, by any written law for the time being in force relating to trustees, be invested.