In forceAmended2002 Revised EditionCurrent version · 2002 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Standards, Productivity and Innovation Board Act · 2002 Revised Edition · Part V · Financial Provisions
18. Bank accounts and application of moneys
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Last amended by an amending law of 2002.
(1)
The Board may open and maintain an account or accounts with such bank or banks as the Board thinks fit.
Board
Defined · s 2
“Board” means the Standards, Productivity and Innovation Board established under section 3;
(2)
Every such account under subsection (1) shall be operated upon by such person or persons as may from time to time be authorised in that behalf by the Board.
(3)
The moneys of the Board shall be applied only in payment or discharge of the expenses, obligations and liabilities of the Board and in making any payments that the Board is authorised or required to make.