Singapore legislation

Clause 30

Borrowing from Authority by officers and employees

The Authority shall not lend money to an officer or employee of the Authority, except —

(a)

for the purchase, erection, alteration, renovation or enlargement of a house in which he resides or intends to reside;

(b)

to discharge a mortgage or encumbrance on such a house; or

(c)

for the purchase of a vehicle.