Skip to content
laws.sgby aturio
In force2020 Revised Edition
Contents

Part 6 · Funds and Property of Board

32. Power to borrow

Feedback & support
(1)

For the performance of its functions or discharge of its duties under this Act or any other written law, the Board may raise loans from the Government or, with the approval of the Minister, raise loans within or outside Singapore from any source that the Minister may direct by —

(a)

mortgage, overdraft or other means, with or without security;

(b)

charge, whether legal or equitable, on any property vested in the Board or on any other revenue receivable by the Board under this Act or any other written law; or

(c)

the creation and issue of debentures, bonds or any other instrument as the Minister may approve.

(2)

For the purposes of this section, the power to raise loans includes the power to make any financial agreement whereby credit facilities are granted to the Board for the purchase of goods, materials or things.

Report

Read on from s 32A

Part 7

Transfer of Assets, Liabilities and Employees

Read on from Part 7

Part 8

Miscellaneous Provisions

Read on from Part 8

Schedules