National Council of Social Service Act 1992 · 2020 Revised Edition · Part 6 · Financial Provisions
30. Power to borrow
Feedback & supportLast amended by an amending law of 2026.
The Council cannot raise loans for the performance of its functions except in accordance with this section.
Council
“Council” means the National Council of Social Service established under section 3;
Subject to subsection (3), the Council may raise loans by —
mortgage, overdraft or other means, with or without security;
charge, whether legal or equitable, on any property vested in the Council or on any other revenue receivable by the Council under this Act or any other written law; or
the creation and issue of debentures or bonds, or such other instrument as the Minister may approve.
The Council may —
raise loans under subsection (2) from the Government;
obtain a credit facility for the purchase of goods or services mentioned in subsection (4) from a bank or financial institution, whether in or outside Singapore; or
with the approval of the Minister, raise a loan or obtain a credit facility from any other source, whether in or outside Singapore.
For the purposes of this section, the power to raise loans includes the power to enter into any financial agreement or arrangement under which credit facilities are granted to the Council for the purchase of goods or services.