In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
9. Power of Board to borrow and invest
Feedback & support(1)
The Board may borrow at interest on the security of any movable or immovable property of the Board any moneys that it may think necessary or expedient.
Board
Defined · s 2
“Board” means the Board of Trustees of the Institute constituted under section 4;
(2)
The Board may invest its funds in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965.
(3)
The Board may do anything incidental or appertaining to a body corporate.