In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
11. Power of Board to borrow and invest
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Last amended by an amending law of 2004.
(1)
The Board may borrow at interest, on the security of any corporate land or of any funds of the Board, moneys that it may think necessary or expedient for carrying into effect the provisions of this Act.
Board
Defined · s 2
“Board” means the Board of Governors of the Singapore Polytechnic constituted under section 4;
(2)
The Board may invest its funds in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965.
(3)
The Board may do anything incidental or appertaining to a body corporate.