Section 10
Power to raise loans
of Developmental Investment Fund Act 2000
ActIn forceProvision 10 of 20
Section 10
(1)
The Minister may, from time to time, by the issue of such securities in Singapore as the Minister thinks fit, raise loans of a sum not exceeding in the whole S$10,000 million.
(2)
Despite subsection (1), but subject to Article 144 of the Constitution, Parliament may by resolution authorise the Minister to raise loans under this Act of a sum not exceeding in the whole such higher sum as may be specified in the resolution.