In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Singapore Examinations and Assessment Board Act 2003 · 2020 Revised Edition · Part 5 · Financial Provisions
23. Power to borrow
Feedback & supportFor 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 for Finance, raise loans from banks or other financial institutions (whether in Singapore or elsewhere) by —
Board
Defined · s 2
“Board” means the Singapore Examinations and Assessment Board established under section 3;
(a)
mortgage, overdraft or otherwise;
(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 or bonds.