Singapore legislation

Section 6

of Government Securities Act 1992

Section 6

Deficiencies in Government Securities Fund

Where the moneys in the Government Securities Fund are insufficient —

(a)

to repay any principal sum or interest payable on any Government securities issued or advance deposits accepted under this Act;

(b)

to repay any principal sum payable on any Treasury Bill or book-entry Treasury Bill issued under the Local Treasury Bills Act 1923 on or after 1 April 1996; or

(c)

to meet any other obligation charged upon the Government Securities Fund arising from this Act or any other written law,at the time when they become due, the deficiency is charged upon and payable out of the Consolidated Fund.

Read in full context — Government Securities Act 1992 →