In force2002 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
22. Power to borrow
Feedback & supportThe Board may, for the purposes of this Act —
Board
Defined · s 2
“Board” means the Standards, Productivity and Innovation Board established under section 3;
(a)
raise loans from the Government; or
(b)
with the approval of the Minister, raise capital from banks and other financial institutions whether in Singapore or elsewhere by way of mortgage, overdraft or otherwise, with or without security, as it may require for the discharge of its functions under this Act.