Public Utilities Act 2001 · 2020 Revised Edition · Part 2 · Reconstitution, Functions, Duties and Powers of Board
13. Power to borrow
Feedback & supportLast amended by an amending law of 2004.
For the discharge of its functions or 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 such source as the Minister may direct by —
Board
“Board” means the Public Utilities Board reconstituted under the Public Utilities Act in force before 1 April 2001 and continued by section 3;
mortgage, overdraft or other means, with or without security;
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
the creation and issue of bonds or any other instrument as the Minister may approve.
For the purposes of this section, the power to raise loans includes the power to make any financial agreement by which credit facilities are granted to the Board for the purchase of goods, materials or things.