In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Financial Procedure Act 1966 · 2020 Revised Edition · Part 3 · Control and Management of Public Finances of Singapore
15. Guarantees and loans
Feedback & support(1)
No guarantee involving a financial liability shall be binding upon Singapore unless given with the written authority of the Minister with which the President concurs or in accordance with law.
(2)
No loan raised by the Government shall be binding upon Singapore unless it is raised in accordance with Article 144 of the Constitution.