Clause 17Funds for construction of Mass Rapid Transit System
Clause 18Operating expenses
Clause 19Reserve funds
Clause 20Investment
Clause 21Accounts
Clause 22Audit of accounts
Clause 23Presentation of financial statements and auditor’s report to Parliament

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Clause 20

Investment

BillNot in forceProvision 26 of 50

Clause 20

Moneys of the Corporation may be invested in such forms of investment as trustees are authorised by law to invest.

Parent legislation

Mass Rapid Transit Corporation Bill

Nearby in this law

Clause 17Funds for construction of Mass Rapid Transit System
Clause 18Operating expenses
Clause 19Reserve funds
Clause 20Investment
Clause 21Accounts
Clause 22Audit of accounts
Clause 23Presentation of financial statements and auditor’s report to Parliament